The Financial Conduct Authority has appointed two people to act as co-directors of life insurance and financial advice supervision.
Deb Jones and Debbie Gupta will take on the role vacated by Linda Woodall, who retired before Christmas.
Ms Jones is currently director of competition at the FCA and was previously a director at the Office of Fair Trading where she led cartel enforcement cases and policy work.
Before joining the OFT, Ms Jones was a practising solicitor at Slaughter and May.
Meanwhile Ms Gupta was an executive director at the National Employment Savings Trust (Nest). She has also held two director roles at the Department for Work and Pensions, as deputy director of pension reform legislation and director of benefit performance.
The pair will take on their new role in May.
Ms Woodall took up her post in November 2015 after leading the regulator’s mortgage and consumer lending division for two years from 2013.
The position director of life insurance and financial advice reports directly to the executive director responsible for investment, wholesale and specialists supervision.
The division comprises the pensions and retirement income department, which looks after more than 400 life and pension providers, and the retail investments department, which supervises about 6,000 firms, from sophisticated financial services groups to smaller UK based sole traders, platforms and self-invested personal pension operators.
damian.fantato@ft.com
