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FSA appoints ex-banker as Money Advice Service non-exec director

The FSA has appointed former British Bankers’ Association committee chairman John Spence as a non-executive director of the Money Advice Service.

Spence, who joins in January, is currently finance chair at not-for-profit organisation Business in the Community and also holds current non-executive directorships at HM Revenue & Customs, Spicer Haart, and Capital for Enterprise.

He has also held a variety of executive positions at Lloyds TSB.

FSA chairman Lord Turner says: “We are pleased that John Spence has been appointed to the MAS board as non-executive director. He brings with him extensive experience from the banking sector which will greatly benefit the service.”

MAS chairman Gerard Lemos says: “I am delighted to welcome John Spence to the MAS board. He brings an invaluable blend of senior banking experience, together with finance and audit knowledge, which will be instrumental for our development of the service and engagement with our stakeholders.”


M&G and Schroders see opportunities in Chinese property

Leading fund managers at M&G and Schroders say they are both positive on parts of the Chinese property market despite concerns of a bubble in the asset class. M&G bond manager Michael Riddell says that there is not a property bubble across the whole of China, while Schroders property manager Jim Rehlaender has been adding […]

Government CPI pensions switch set for Commons debate

The Government’s decision to link public and private sector pension increases to CPI rather than RPI inflation will be debated in the House of Commons after an e-petition criticising the change received over 100,000 signatures. The e-petition calls for ministers to reintroduce the link to the RPI measure of inflation, which tends to be higher […]

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There are 4 comments at the moment, we would love to hear your opinion too.

  1. Yet another “trotter with his snout in the trough”. Its just one big gravy train…. All aboard!!!!!!!

  2. So those of us who choose to NOT be told what to think and do by being employed by a bank are simply told to PAY for bankers to tell us what to think or do.
    Better get a seat at a bar in a pub and advice people in return for a pint!

  3. Is his package £350,000 too? Sheesh I never seen the position advertised? JOBS FOR THE BOYS!!! YEEE HAAAAA

  4. George Williamson 13th December 2011 at 11:45 pm

    Banker appointed as non-exec / MAS boss earns £350k / mmmm, any coincidence?

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