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Consumers’ champion McAteer quits Which?

Controversial consumer champion Mick McAteer is leaving Which? after 13 years of battling the financial services industry to concentrate on doing charity work on financial exclusion.

McAteer will stand down in September and will look at creating new products and types of distribution to benefit low to middle-earners.

He joined Which? in 1994 as a writer and researcher and became principal policy adviser and main spokesman at select committee meetings and conferences. Well known by MPs and industry lobbyists for his robust, aggressive style, McAteer has clashed with the ABI over RU64, equity release, NPSS, endowment misselling and contracting out and has called for most of the life insurance industry to be wiped out.

McAteer says: “I want to get back to my roots and my heart lies in the area of financial exclusion. I am proud of what we have achieved. People forget what it was like not so very long ago, consumers were very much an after-thought and the litany of misselling and reckless selling was shocking.”

Treasury select committee chairman John McFall says: “Mick has stuck his neck out to champion the consumer cause against powerful lobby groups and has helped build Which? into the envy of consumer groups across Europe. His foresight in areas such as stakeholder pensions has been commendable and it is vitally important that his work continues.”

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