Protection industry stalwart Johnny Timpson has begun a three-year term as a member of the independent Financial Services Consumer Panel.
Timpson has worked in the insurance and banking sectors for more than 40 years including seven years at Scottish Widows as a financial resilience and protection insurance specialist.
A champion of inclusion and diversity, Timpson has supported the third sector and consumer groups in relation to insurance issues and for the last three years has been the Cabinet Office disability and access ambassador for the insurance sector and, on an interim basis, the banking sector.
He currently work as an independent consultant.
He joins at the same time as Dr Rebecca Driver, an economist. She is the director and founder of the research consultancy Analytically Driven. Her previous roles include director of research and chief economist at the Association of British Insurers and research adviser at the Bank of England.
Panel chair, Wanda Goldwag, said: “I am delighted to welcome Johnny and Rebecca to the Panel. The ever-increasing number of issues requiring the Panel’s input is challenging and the consumer landscape of other organisations who can comment on FCA consultations is still thinly resourced.
“It is essential that the voice of the consumer is heard loud and clear in every aspect of the FCA’s work and now is a crucial time. I am therefore pleased we have been able to appoint two new members with such a strong background who can help us address these issues. I look forward to working with them both.”