View more on these topics

FCA hires Govt advisers for independent appeals process

The FCA has appointed two members to its Regulatory Decisions Committee who have previously advised the Government on initiatives such as Nest and the Money Advice Service.

The RDC is run separately from the regulator and issues warning notices and decision notices, as well as forming part of the independent appeals process.

The newest members are Karen Johnston and Nick Lord.

Johnston is a lawyer with 20 years experience, including at The Pensions Regulator where she worked on setting up cross-border authorisation rules for pensions. Johnston also worked closely with the Department for Work and Pensions in the development of Nest, and is the deputy pensions ombudsman and vice-chair of Brighton and Hove Citizens Advice Bureau.

Lord has 30 years experience in representing consumers in financial services, including advising the Treasury review that led to the creation of the MAS. He has a diploma in financial planning.

RDC chair Tim Parkes says: “I am delighted to welcome our newest members to the committee.  Karen and Nick bring a wealth of consumer-focused knowledge and experience in the consumer credit and other sectors, which will complement existing committee members.”



FCA warns Trump over ‘too big to fail’ rules

FCA warns of the damage to co-operation among global regulators if the Trump administration unwinds the regime for failing banks In an interview with the Financial Times in Washington, FCA chief executive Andrew Bailey says there is a risk to the confidence international regulators would have in the US if it scrapped its system for […]

FCA building FCA fees

Watch: Where do your FCA fees go?

Money Marketing takes a look at where your FCA fees go after the regulator released its latest levies this week. FCA chief Bailey: 12 months in power Click here for more news and insights on regulation.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. I dont really know these people and do I really care …..

    The one thing that smacks you in the face is ……

    The FCA appoint these people to the RDC, and the RDC is meant to run seperately from the FCA and forms part of a independant appeals process…….

    WHAT ……?

    Oh silly me, I get it now…… they (any one who has anything to do with the regulator) are all independant and work seperately which means no-one is accountable for anything that really goes on, and they can cream as much money to pay for it all, from the industries clients, as we get to set our own budgets, and because we (own) abide by the rules set to us from seperate committee’s we are in the clear.

    Nice neat little parcel they have there dont they…..

    Does any-one know how many of these little committee’s the FCA has….. I would like to join the, “oops I have just stubed my toe on the edge of the bed” committee

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm