Regulation  

Ex-FCA financial advice chief to coach industry on new rules

Ex-FCA financial advice chief to coach industry on new rules

Linda Woodall, former director of life insurance and financial advice at the Financial Conduct Authority (FCA), has joined a regulatory experts’ panel at consultancy firm Huntswood.

Also on the panel are former pensions minister Baroness Ros Altmann, Natalie Ceeney, former chief executive of the Financial Ombudsman Service, Jeannette Lichner, corporate governance and regulatory expert, and Rhiannon Harfoot, former director, people and culture programme at Barclays UK Retail Banking.

Together the group of former financial services regulation heavyweights are employed by Huntswood to provide "unique insight" to help the industry manage the current regulatory challenges, according to the firm which specialises in governance, risk and compliance.

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Huntswood added that, as highlighted by the FCA’s Business Plan 2018/19, published in April, the “volume of regulatory change and scrutiny of financial services firms’ remains unprecedented”.

According to Paul Scott, chief commercial officer at Huntswood, “the pace and complexity of regulatory change is set to continue – the resulting challenge for firms is how they mitigate compliance, and wider business risks, to deliver high quality services in a cost efficient way”.

He said: “I am delighted that Linda [Woodall] has joined our high profile and highly experienced panel.

“The panel work alongside our in-house experts on a range of projects, adding tangible value to ensure we drive better outcomes for our clients and, importantly, their customers.”

Ms Woodall added: “I am very pleased to join Huntswood’s advisory panel, alongside Ros Altmann, Natalie Ceeney and others, to support the firm’s valuable work in helping its clients succeed in this challenging environment.”

Ms Woodall, who left the regulator during the Christmas period, was also recently appointed to Aegon's independent governance committee (ICG) as an independent member.

maria.espadinha@ft.com