The Standards Board’s priority is to maintain, develop, promote and adapt the Rules & Guidance & Statement of Principles which all Council members agree to adhere to. By ensuring that industry standards are fit for purpose at all times, the Board’s work helps The Council to promote and enhance the profile and reputation of equity release and to ensure that consumers are treated fairly and equitably.
Its activities include, but are not limited to liaising with other standards bodies and organisations, including the financial services regulators, to enhance the effectiveness of the standards and share best practices in meeting them.
This Committee is appointed by The Council’s Main Board on an annual basis and the current composition is as follows –
Chairman: Chris Pond, former Labour MP, Minister with Department for Work and Pensions and Parliamentary Private Secretary with HM Treasury under Gordon Brown. A former lecturer in Economics, Chris was also a director at the FSA (Financial Services Authority – precursor to the FCA.
Standards Board Officer: Kate Davies, former Senior Policy Adviser with the Building Societies Association and the Council of Mortgage Lenders. Now working freelance for a number of financial services organisations.
2 Independent members:
• Liz Barclay
A Radio and TV Broadcaster and Producer who also writes for national newspapers, magazines and websites and is the author of five business books. A Consumer champion. Liz chairs Citizens Advice Camden, the Money Advice Liaison Group and the Credit Union Foundation. She is also Deputy Chair of the Financial Services Compensation Scheme, a member of the Financial Services Consumer Panel and the Fundraising Regulator Standards Board, an adviser to the Customer Contact Association and an Ambassador for the Money Advice Trust.
• Jim Dredge
A freelance management consultant specialising in consumer led change programmes and in improving financial literacy. Previously held a wide variety of senior roles, within the commercial, retail, public and not for profit sectors.
4 representative members drawn from different industry categories:
- David Forsdyke (Retirement Advantage, Provider representative)
- Susan Jeffery (Ainsdale Finance Limited, Adviser representative)
- Claire Barker (Equilaw, Solicitor representative)
- Mel Kettle (Gateway Surveyors, Surveyor representative)
- Nigel Waterson – Council Chairman
- Donna Bathgate – Council, Chief Operating Officer