Fairer Finance has appointed Charles Randell CBE to its consumer advisory board to strengthen external oversight of the group.
Randell is the former chair of the Financial Conduct Authority (FCA) and the Payment Systems Regulator, and has previously been a member of the Bank of England’s Prudential Regulation Authority.
He spent over 20 years as a partner at Slaughter and May, specialising in corporate finance law, and is currently commissioner at the Financial Inclusion Committee.
James Daley, managing director of Fairer Finance, said: “Charles brings a rare combination of regulatory insight, legal expertise and a long-standing commitment to improving outcomes for the public.
“He will be a true asset to our Consumer Advisory Board.
“Fairer Finance was set up to stand on the side of customers and to provide clear, evidence-based challenge to banks, insurers and policymakers.”
Daley added: “At a time when trust in financial services is fragile and the pressures on household finances are significant, independent voices matter more than ever.
“Charles’ experience will help us ask better questions, test our own thinking and focus on the issues that make the most difference to consumers.”
Randell said: “Fairer Finance has built a strong reputation for independent analysis and for highlighting where products, communications and practices fall short of what customers need and expect.
“I look forward to working with Helene, James and the rest of the board to help ensure that Fairer Finance continues to offer rigorous scrutiny while also supporting firms and policymakers who want to raise standards.”
