Fairer Finance has appointed Charles Randell to its independent consumer advisory board.
Randell (pictured) is the former chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator and has previously served as a member of the Bank of England’s Prudential Regulation Authority.
He was a partner at Slaughter and May for more than 20 years specialising in corporate finance law, and is currently commissioner at the Financial Inclusion Committee. He brings decades of experience across financial regulation, public policy and corporate finance law.
The board, chaired by Helene Brichet, oversees the consumer group’s research, ratings, commercial relationships, policy work and public commentary, to ensure that its independence and consumer focus are maintained.
James Daley, managing director of Fairer Finance, said: “Charles brings a rare combination of regulatory insight, legal expertise and a long-standing commitment to improving outcomes for the public. He will be a true asset to our consumer advisory board.
“Fairer Finance was set up to stand on the side of customers and to provide clear, evidence-based challenge to banks, insurers and policymakers.
“At a time when trust in financial services is fragile and the pressures on household finances are significant, independent voices matter more than ever. Charles’ experience will help us ask better questions, test our own thinking and focus on the issues that make the most difference to consumers.”
Randell said the organisation had built a strong reputation for independent analysis and highlighting where products, communications and practices fall short of what customers need and expect.
He added he was looking forward to working with the team.