thewealthnet

FCA chair to leave post early

News Team, 15/10/2021

The chair of the Financial Conduct Authority (FCA) has resigned.

Charles Randell is currently chair of both the FCA and Payment System Regulator (PSR) and will step down in Spring 2022.

Mr Randell was appointed chair in April 2018 and was meant to stay in post for five years. However, he will be leaving early.

His chairmanship has been met with certain challenges.

In April, Gina and Alan Miller from the True & Fair Campaign called for the resignation of Mr Randell over the compensation scheme of victims of financial loss. The pair claimed the FCA had taken "anti-consumer and potentially unlawful ...


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