Panel chair steps down

The FSA blocked lobby plans for consumer panel

The head of the Financial Services Consumer Panel (FSCP) has resigned from the post after failing to convince the Financial Services Authority that the panel’s remit should be expanded. Lord Lipsey, who was appointed only six months ago, had wanted to broaden the FSCP’s traditional role of advising the FSA on how its policies affect consumers to include a more political lobbying role on consumer issues.