Pain to be FSA's new MD, retail markets

The FSA has appointed Jon Pain as its new managing director, retail markets. He will also join t...

The FSA has appointed Jon Pain as its new managing director, retail markets. He will also join the FSA board and take responsibility for regulating firms or groups whose business is predominantly with retail customers. His remit covers the regulation of banks, building societies, insurance companies, mortgage lenders, retail financial services intermediaries and 17,000 smaller firms involved in the investment advice, insurance broking and mortgage advice sectors. He will also have key consumer-facing functions such as the financial capability programme and FSA Consumer Contact Centre....