Home Finance Shopper Responsibility Alliance provides former regulator as discussion board chair

Shopper Responsibility Alliance provides former regulator as discussion board chair

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Shopper Responsibility Alliance provides former regulator as discussion board chair

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The Shopper Responsibility Alliance has appointed former FCA technical specialist Michael Lawrence as chair of its Shopper Responsibility discussion board.

The primary on-line occasion for the brand new Shopper Responsibility Champions’ Discussion board will happen in September.

The Shopper Responsibility Champions’ Discussion board will allow Shopper Responsibility champions, compliance administrators and different applicable Alliance members to boost and focus on key points and challenges across the implementation of Shopper Responsibility.

Michael Lawrence is at the moment principal marketing consultant at Bovill, the place he advises shoppers on regulatory frameworks governing suggested and non-advised pension and funding fashions, product governance, and complaints.

He spent 16 years on the FCA, most just lately as a technical specialist in shopper investments supervision.

Mr Lawrence mentioned: “It’s clear from the intensive and constructive response to the launch of the Shopper Responsibility Alliance that there’s a actual want and demand for an impartial physique specializing in this important piece of regulation by way of a collaborative alliance. I’m excited to chair the Shopper Responsibility Champions’ Discussion board and sit up for fostering a sturdy and inclusive dialogue that ensures our collective efforts result in tangible constructive impacts for customers.”

The Shopper Responsibility Alliance was launched by a crew led by former Private Finance Society CEO Keith Richards on 9 March as a non-profit impartial skilled membership physique.

Mr Richards mentioned “We’re delighted that Michael has agreed to chair this key Alliance discussion board. His first-hand regulatory information and hands-on expertise since leaving the FCA in his present position at Bovill, partaking with companies of all sizes and serving to them meet their Shopper Responsibility obligations, signifies that there are few higher positioned to chair the discussion board.”

The aim of the Shopper Responsibility Alliance is to unite the retail Monetary Providers sector to encourage larger confidence and belief in monetary recommendation and monetary planning by supporting the supply of persistently good outcomes so companies are seen alongside different skilled providers as a ‘protected pair of arms’.

The Alliance incorporates the Monetary Vulnerability Taskforce, the adoption of a shopper going through Monetary Vulnerability Constitution and the Pensions Recommendation Taskforce.

The Alliance works with practitioners, material specialists and basis associates to create good apply steering, references and hyperlinks to 3rd events supporting the occupation in attaining their Shopper Responsibility necessities.

People and companies can be a part of the Alliance at no cost.




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