Three join FSCS board as non-executive directors

The Financial Services Authority has appointed Liz Barclay, Jayne Nickalls and David Weymouth as non-executive directors to the board of the Financial Services Compensation Scheme (FSCS).

The FSCS has paid out more than £23bn in compensation since it was set up in 2001.

Ms Barclay is a national journalist and broadcaster with "extensive experience" of consumer issues relating to money and finance. She has a strong interest in financial inclusion gained during more than 25 years of covering money and consumer issues.

Ms Nickalls has a strong track record of using information technology to deliver services to consumers during a career spanning almost 30 years in the private and public sectors.

She was chief executive of Directgov for more than five years during which time visits to the site increased to some 30m a month.

Mr Weymouth has had a wide career spanning working in operations, technology and risk management in a range of high profile organisations that include RSA and Barclays.

Lord Turner, chairman at the FSA, said: "We are pleased that Liz Barclay, Jayne Nickalls and David Weymouth have been appointed to the FSCS Board as non-executive directors. They bring with them valuable experience in their fields which will greatly benefit the FSCS."

The announcement comes after Sandy Kinney, Chris Woodburn, and Terry Connor completed their terms on the FSCS Board.

David Hall, chairman of the FSCS, said the three played a "major role" in shaping the scheme and the handling of the bank failures.

He said: "Sandy, Chris and Terry were at the heart of developing the FSCS and driving it forward in difficult circumstances. They played a strong and positive role in our responses to the bank failures.

"We are grateful to them for their outstanding contribution to financial services and the FSCS."