Briscoe to chair Money Advice Service

The Financial Conduct Authority has announced former Life Trust Holdings chief executive Andy Briscoe has been appointed chairman of the Money Advice Service.

A panel comprised of representatives from the FCA, HM Treasury and Money Advice Service board members selected Mr Briscoe on the basis of his boardroom experience, his 27 years in the financial services industry and because of the “complementary skills” he offers to those of Money Advice Service chief executive, Caroline Rookes.

Mr Briscoe is currently chairman of The Policy Shop, a general insurance intermediary.

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Previously, he was chief executive of Life Trust Holdings and managing director of AA Insurance, before acting as an adviser for Carlyle Group in its successful bid for RAC.

Mr Briscoe’s appointment was confirmed at a meeting of the FCA board last week.

He will take up the two-day-a-week role on 27 September 2013, when the outgoing chairman Gerard Lemos stands down.

John Griffith-Jones, chairman of the FCA, said: “Andy’s significant experience in boardrooms, as well as his knowledge of the financial services made him an outstanding candidate.

“It is a great benefit to have a chair who knows how the industry works and who can lead the Money Advice Service forward as it provides advice to consumers across the UK and co-ordinates the provision of debt advice by other bodies.”