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Former ABI director Maggie Craig to join the FCA

Former Association of British Insurers director of conduct regulation Maggie Craig is set to join the FCA, Money Marketing can reveal.

Craig, who left the insurance industry trade body in October last year, will join the regulator as an adviser on 27 January.

She will advise FCA staff on a range of policy issues, focusing on life, pensions and general insurance.

FCA head of savings, investments and distribution David Geale says: “I am delighted to be welcoming Maggie to the FCA.

“Her knowledge and experience of financial services and pensions policy issues is extensive and her input will be invaluable in helping us devise policy that is well-rounded and meaningful.”

Craig and fellow directors Stephen Gay and Nick Starling left the ABI last year as part of a radical restructure of the organisation.

Prior to joining the trade body Craig was head of public affairs at Standard Life.

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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Ms Craig joined the ABI in 2007 as life and savings director. During her six-year tenure she was called upon twice to deputise as acting-director general and was seen by many as an important and calming influence within the association.

    Life and savings director? And whilst she was at the ABI how did the life and the savings sector in the UK do I wonder? The ABI made her redundant but whatever she brings to the party is welcomed by the FCA.
    Just who are these people kidding?

  2. What’s her salary and bonus structure?

  3. Her knowledge of general insurance is tiny, of commercial insurance is almost nil, and she was so long out of the industry that her life and pensions knowledge must be rusty.

    Bet she gets paid ten times what most MM readers do .

    What do i have to do to get such a nice cushy number with no responsibility, no day to day work?

    Forgot – have not got the ability to talk complete b****s all day every day.

    and James –

    Many companies closed up – savings was at a n all time low, the sale of non churning on life, pensions, critical illness etc policies was an all time low.

    And where was the ABI during the PPI scandal – the pensions scandal-misselling scandals

    Yea- right – perhaps she can close down the FCA.

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