Letter to new FCA chair calls for improved consumer protection

Transparency Task Force asks regulator to ‘boost performance’

Julia Bahr
clock • 3 min read

The Financial Conduct Authority’s new chair, Ashley Alder, has received a letter from the Transparency Task Force (TTF) on the first day in his new role highlighting the importance of making consumer protection a top priority.

In an open letter to Alder today (20 February), TTF founder Andy Agathangelou said he was on a mission to "promote ongoing reform of the financial sector so that it serves society better". He pointed out that the TTF had many concerns about the regulator, some of which were connected to conflicts of interest, regulatory capture and the ‘revolving door' problem of its senior staff. The FCA has been blasted over its conduct in the last 12 months and faced scrutiny over its handling of several major industry issues including the collapse of the old British Steel Pension Scheme and variou...

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