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Tiner takes up non-exec role at Tilney Bestinvest

Tiner takes up non-exec role at Tilney Bestinvest

Former FSA chief executive John Tiner has become a non-executive director at Tilney Bestinvest.

He is joined by Breon Corcoran, the chief executive of Betfair, who has joined the investment company’s board.

Michael Covell, chairman of Tilney Bestinvest, said: “These each bring considerable commercial experience and strategic insight to the board, particularly in the respective areas of regulation and digital business.”

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Mr Tiner took over from Sir Howard Davies as chief executive of the then-FSA in 2003 and during his time leading the regulator promoted principles-based regulation over a rules-based alternative.

He also carried out the Tiner review into the insurance industry, eventually leaving in 2007 – shortly before the financial crisis began – and was replaced by Hector Sants.

Adviser view

Robert Forbes, a chartered financial planner with London-based Stadden Forbes Wealth Management, said: “The more interaction between the regulator and the industry, including people moving over from one side to the other, the better.

“It can only promote understanding of the real world by the regulator.”