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I'm delighted to be joining its Consumer Advisory Board so that I can continue with my passion for helping consumers get a better deal."Īdrian Coles OBE, outgoing chair of the Consumer Advisory Board, said: "I've greatly enjoyed working with Fairer Finance over the past five years - and it's been rewarding to see the company grow and solidify its reputation as one of the most influential voices in UK financial services. Paul Pester said: "Fairer Finance is doing important work, helping both consumers and financial services companies to build a fairer, more trusted industry. He has a clear commitment to our mission and values and with his wealth of industry experience will be a great addition to the board." Most notably, at TSB he led the way by becoming the first UK bank to remove the link between sales and bonuses entirely, changing remuneration structures to focus solely on good customer outcomes.
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"Paul has been a champion for fairness throughout his career from launching Virgin Money here in the UK and Australia, chairing UK Finance’s Advisory Board on challenger banks and competition in banking to, of course, establishing TSB. Fairer Finance's consumer advisory board plays a key part in protecting the company's independence, ensuring that we never put our commercial interests ahead of our mission to create a fairer financial services market. The appointment will be Paul Pester's first financial services role since leaving TSB in September 2018 and his “notice period” ending in September 2019.Ĭommenting on the appointment, James Daley, managing director of Fairer Finance, said: "We're very excited that Paul has accepted this important role. Adrian has been chair of Fairer Finance's Consumer Advisory Board since its creation five years ago. Paul will join the board with immediate effect, taking up his position as chair after the May 2020 meeting, when the current chair, Adrian Coles OBE, will step down. Paul Pester, the former chief executive of TSB and Virgin Money, is to join Fairer Finance's Consumer Advisory Board as its new chair. Self-invested Personal Pensions (SIPPs)įormer CEO of TSB and Virgin Money to join Fairer Finance's independent oversight body.Fund and Share Accounts (for low frequency trading).Fund and Share Accounts (for high frequency trading).