The Financial Conduct Authority (FCA) has appointed a financial planner to its regulatory decisions committee (RDC) as part of the latest intake at the enforcement-focused body.
Nick Lord joined the RDC in February, alongside new member Karen Johnston, who joined in March.
Lord holds the diploma in financial planning and has worked for a variety of firms, trade bodies and regulators, including as director of the Mortgage Code Compliance Board and adviser to the Treasury review that led to the establishment of the Money Advice Service.
He was also a member of the FCA's Financial Services Consumer Panel for six years in the past.
He currently serves as a trustee of a debt advice charity, non-executive director of a large short-term credit lender and chairman of the governance board of Lenderscompared, while continuing to advise individual consumers and groups on personal finance matters.
Johnston is a lawyer, who specialises in consumer services and consumer protection. She currently serves as deputy pensions ombudsman and vice-chair of Brighton and Hove Citizens Advice Bureau.
The pair joined Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed to the RDC last year.
The RDC is responsible for taking certain regulatory decisions on behalf of the FCA relating to enforcement and supervisory actions, as well as firm authorisations and individual approval applications.
The regulator is currently in the process of streamlining the appeals process in enforcement cases and has proposed parties will in future be able to contest aspects of their case through a ‘focused resolution agreement' solely in front of the RDC.
Membership of the committee is typically drawn from across a spectrum of business, consumer and industry experience. In 2015 former head of the predecessor to the Association of Professional Financial Advisers, Chris Cummings, joined the body.
RDC chair Tim Parkes said:"I am delighted to welcome our newest members to the committee. Karen and Nick bring a wealth of consumer-focused knowledge and experience in the consumer credit and other sectors, which will complement existing committee members."
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