Fairer Finance has appointed Chris Pond as chairman of its consumer advisory board (CAB).
The board plays a key role in overseeing the consumer group’s activities, scrutinising its commercial relationships, research, ratings, campaigning efforts, and media commentary in a bid to uphold transparency and independence.
Pond (pictured) is the current chairman of the Financial Inclusion Commission and Trustmark. He was formerly chairman of the Lending Standards Board, The Money Charity, and the Equity Release Council Standards Board.
He was a member of the senior leadership team of the Financial Services Authority for four years, serving as director of financial capability, senior adviser, and head of consumer affairs, leading the development of the financial capability division, and the establishment of the independent Money Advice Service.
From 1997 to 2005, Pond was MP for Gravesham, during which time he held roles as work and pensions minister and ministerial aide in the Treasury.
Sue Lewis, who has served as chairwoman for the last two years, will remain on the board until her term ends in 2025.
Laurie Edmans is also leaving the board after serving six years.
Walter Merricks OBE, Caroline Barr, and Helene Brichet stay on as board members. All consumer advisory board members serve on a voluntary basis.
James Daley, managing director of Fairer Finance, said: “We are delighted to welcome Chris as chairman of our Consumer Advisory Board.
“The CAB plays a crucial role in protecting Fairer Finance’s independence by ensuring that we manage our conflicts of interests in a transparent and professional manner. Chris has a wealth of relevant experience – both as a regulator and consumer advocate – which make him a perfect candidate for this role.
“We’re incredibly lucky to have him on board.
“I’d like to thank Laurie Edmans who is standing down after six years on our advisory board. Laurie’s been a valued supporter and colleague, and we’ll miss him enormously.”
Chris Pond, chairman of the Fairer Finance consumer advisory board, added: “As Fairer Finance celebrates its 10-year milestone, I look forward to working with the team to continue to advocate for transparency, higher standards, and a more inclusive financial services market for all consumers.”