Industry bosses on financial advice review panel revealed


The expert panel advising the Treasury and FCA’s Financial Advice Market Review has been revealed.

Industry bosses including Aviva chief executive Andy Briggs and Intrinsic chief executive Richard Freeman will sit on the panel, alongside a number of consumer group representatives.

These include Financial Services Consumer Panel chair Sue Lewis, Citizens Advice Bureau chief executive Gillian Guy and Which? director of campaigns and communications Alex Neill.

The panel also includes Defaqto insight consultant and former IFA Centre managing director Gill Cardy, and chartered financial planner and FCA smaller business practitioner panel member Robin Keyte.

The remaining members of the 15-strong panel are:

  • Nutmeg chief executive Nick Hungerford
  • Hargreaves Lansdown chief executive Ian Gorham
  • Barclays retail and business banking chief executive Ashok Vaswani
  • Nationwide retail director Chris Rhodes
  • Fidelity head of investment trusts Nicky McCabe
  • LV= managing director of life and pensions Richard Rowney
  • Age UK chief executive Tom Wright, and
  • Legal & General managing director of mature savings Jackie Noakes.

The panel is chaired by Scottish Widows chairman Nick Prettejohn.

The FAMR was launched this week and aims to improve access to advice.

The consultation will run to 22 December, with a final paper expected to be published ahead of the 2016 Budget.

Freeman says: “It is vitally important that the Treasury and FCA work closely with financial advisers and other stakeholders to ensure that this review is a success. The review provides an opportunity to improve consumer access to the benefits of financial advice and I’m pleased to have the opportunity to be involved in that as part of the panel announced today.”