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Former CA man will chair FSA&#39s consumer panel

The FSA is appointing a new chairman and several new members to its financial services consumer panel.

Vice-chairman Colin Brown is taking over from Barbara Saunders as chairman.

Brown will begin his term on January 1, 2001. He is an independent consumer research consultant with considerable experience in consumer affairs. He was previously deputy director of research at the Consumers&#39 Association.

The panel was set up in 1998 as a result of the Financial Services and Markets Act, acting as a sounding board for the work of the FSA and assessing its implications for consumers. It is an independent panel that operates to ensure consumers&#39 interests are consulted.

Ann Foster will become vice-chairman. She has 20 years&#39 experience in consumer affairs, which includes beinga director of the Scottish Consumer Council.

Former presenter of Radio 4&#39s daily consumer programme You and Yours John Howard will be joining the panel. David Watts, one-time editor of Which magazine, and Oxford University lecturer Richard Smethurst have been on the panel since its inception and have both been re-appointed.

Saunders, Joan Harbison, Noel Hunter and Gerry Lanchin are leaving the board.

FSA chairman Howard Davies says: “I am delighted we have been able to appoint such a high-quality team of people. They will bring a valuable range of skills and experience to the consumer panel. I have no doubt these people will ensure the panel continues to act as a strong, independent consumer voice within the FSA.”

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