Richard Parkin joins Financial Services Compensation Scheme Board

The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have appointed Richard Parkin as a non-executive director to the FSCS Board. Mr Parkin will join FSCS at the start of July.

A former head of pensions policy at Fidelity International, Mr Parkin is a recognised financial services industry leader with both executive and non-executive board experience.

FSCS Chairman Marshall Bailey says: “Richard is a great addition to an already robust board. He brings a wealth of experience particularly in the pensions and life assurance space. This will be one of several areas of focus for FSCS as we implement our strategy for the 2020s. That strategy includes protecting consumers, promoting good outcomes, advancing financial stability by being prepared, and preventing situations from arising in the first place. Richard will further help us to deliver our strategic direction of empathy to our customers, while reflecting the role that payers of our levy have in ensuring the best environment possible for engaging with financial services firms.”

Richard Parkin says: “I am thrilled to be joining the FSCS board. The Scheme has a key role, not just in putting things right, but in giving consumers confidence in the firms and products they use, amongst others, to save for retirement. I look forward to working with Marshall and the FSCS team to make sure we build on the organisation’s achievements in delivering better outcomes for all in this rapidly changing part of the market.”


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Notes for editors

Read more about the remit of FSCS on our Notes for editors page.