The FSA has announced the appointment of Lawrence Churchill CBE as the new chairman of the board of the Financial Services Compensation Scheme (FSCS) for three years.

Churchill is currently the chairman of the National Employers Savings Trust and is the former chief executive of UK, Irish & International Life at Zurich Financial. He has also held senior roles in Unum, NatWest life and investments and Hambro Life/Allied Dunbar Assurance.

He will take up his appointment on 1 April 2012, succeeding David Hall CBE.

Lord Turner, the FSA’s chairman, said:

“I am delighted Lawrence has agreed to serve as FSCS Chairman. He will bring an invaluable set of skills and knowledge from his varied experience in the financial services sector over many years