The Financial Services Compensation Scheme (FSCS) has appointed three new members to its board, including executives from Which? and Barclaycard Business Solutions.
The financial services lifeboat fund appointed Which? deputy chief executive Helen Parker, Barclaycard Business Solutions chief executive Steven Cooper and Decisioning Blueprints non-executive director Patrick Neville to its board from 1 July.
The new members will replace Liz Barclay, Jayne Nickalls, Paul Stockton and David Weymouth, who all completed two terms of office.
The FSCS said between them the three would bring a strong experience of financial services, change management and consumer protection to the scheme.
Chairman Lawrence Churchill said: "We're delighted to have three such strong people joining the board of the Scheme. They bring a wealth of experience in financial services and in consumer protection, which are essential requirements for FSCS to fulfil its mandate as the UK's compensation scheme for the financial services industry."
Funding review consultation
Meanwhile, the Financial Conduct Authority's consultation on funding the FSCS has closed, which proposed product providers should contribute to the FSCS's levy to help shoulder the 'excessive' burden on advisers.
Providers currently contribute to funding the FSCS when intermediaries are levied in excess of £100m for a particular funding pool. Under the FCA's proposals providers would have to pay in from the start, alongside advisers.
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