The FSA has appointed Ann Foster as chairman of the Financial Services Consumer Panel.
Foster will take over from Colin Brown from November 2003, with Brown moving to a senior post at the Office of Fair Trading. She has been vice-chairman of the panel since January 2001.
Foster is an independent consumer affairs consultant and formerly director of the Scottish Consumer Council. She is a member of Postwatch, the Consumer Council for Postal Services, and a member of the Health Professions Council. She was appointed vice-chairman of the panel in January 2001.
FSA chairman Howard Davies says: “We wish Colin well in his new and important role at the OFT. He has provided dedicated and effective leadership for the panel since his appointment as chairman two and half years ago at the start of 2001.
“His personal understanding of the retail financial services market is second to none. I am delighted that Ann will be taking over as chairman. She and the other members will ensure that the panel continues to act as a strong, independent consumer voice to the FSA.”