The Transparency Task Force has established an Advisory Group.
The first significant step forward was a meeting held in London on 26th June 2018, where several individuals met to discuss ideas on how the Group would function.
The slides used at the meeting can be downloaded by clicking on the PDF icon below:
John Howard appointed Chair
Subsequent to the 26th June meeting John Howard become the Chair of the Advisory Group, as explained in the press release below…
Press Release issued 8th August 2018
John Howard to become the Founding Chair of the Transparency Task Force’s new Advisory Board
John Howard, Former Chair of the Financial Conduct Authority’s Financial Services Consumer Panel is to become the Founding Chair of the Transparency Task Force’s new Advisory Board.
The Transparency Task Force (‘TTF’) is the collaborative, campaigning community, dedicated to driving up the levels of transparency in financial services, right around the world. It currently has 39 ambassadors and over 300 volunteer members from across the UK and global financial services sector.
John Howard joined the BBC as one of the leading voices on Radio 4. He presented documentaries, phone-ins and discussion programmes, winning several awards. He became best known as the consumer’s champion on the daily magazine programme ‘You and Yours’, which he presented for 14 years.
In 1997 he was invited to join the Mortgage Code Compliance Board as an independent director. He subsequently became a member of the Financial Services Consumer Panel, which he chaired for 3 years until 2008.
Between 2006 and 2008 he was a member of the Market Participants Group of CESR, the European committee of securities regulators, and he also joined the Treasury’s Retail Financial Services Group. On stepping down from the Consumer Panel, he joined the Board of the Financial Ombudsman Service and also became a Non Executive Director of the energy Regulator, Ofgem.
In 2010 he was appointed as an Independent Commissioner by the Treasury for the Equitable Life Payments Commission. He served on the With Profits Committee and the Independent Governance Committee of Scottish Widows. He was a Trustee of the Thalidomide Trust. He is currently Vice Chair and Senior Independent Director of the Family Building Society and a Non Executive Director of the Banking Competition Remedies Company. He is Chief Executive of the company he founded, Consumer Insights, which provides advice on principles based regulation and fairness in the financial, energy and water sectors.
Andy Agathangelou, Founding Chair of the Transparency Task Force commented:
“The Transparency Task Force has been building momentum as a force for good in the financial services sector for over three years now, helping to ensure that consumers get treated fairly. We are a collaborative community that is being taken seriously by Regulators, Trade Bodies, Professional Associations, Civil Society Groups and all the key actors in this space; and we have grown to the point that an Advisory Board is now needed to formally shape our purpose and strategy moving forward.
Andy Agathangelou continues, “It is important that we assemble a great team and all great teams need a great leader. All those who know John Howard will immediately understand why he is the perfect person to take on such an important role for us. He has had an authentic, high-profile, pro-consumer world view for decades. We are honoured that John wants to help lead us forward.”
Talking about his new appointment, John Howard said:
“There can be no doubt that the financial ecosystem is profoundly important to the wellbeing of society, the global economy and political stability; so it has always been obvious to me that consumers must get treated fairly. The Transparency Task Force has got off to a very good start and I am pleased to have the opportunity to help take it to the next level.
“We are going to be busy recruiting members for the Advisory Board and I’m pleased to say there is healthy interest in this development, with many people volunteering to help the Transparency Task Force realise its full potential as a force for good. The idea of a pro-consumer community that works collaboratively to make the financial services sector fairer, more transparent, more trustworthy and thereby more successful resonates with many people in the sector; and so it should. Anybody interested in helping should get in touch.”
Establishing the membership of the Advisory Group
The next major step was for John Howard to selectively reach out to key individuals to recruit members of the Advisory Board.
We were delighted with how that went; here they are:
The inaugural meeting of TTF’s Advisory Board took place on 25th September 2018, as explained in the press release below:
Press Release issued 26th September 2018
Transparency Task Force Announces Advisory Board
The Transparency Task Force (‘TTF’) yesterday held the Inaugural Meeting of its Advisory Board in the heart of the City of London.
TTF is the collaborative, campaigning community, dedicated to driving up the levels of transparency in financial services, right around the world. It currently has 45 ambassadors and over 350 volunteer members from across the UK and global financial services sector.
Chairman of TTF’s Advisory Board, John Howard (former Chair of the FCA’s Financial Services Consumer Panel and presenter of BBC Radio 4’s pro-consumer You and Yours programme) has described the Advisory Board as a ‘Dream Team’.
Talking about the Advisory Board, John Howard said:
“There is a universal shared interest in having a transparent and fair financial services sector that works hard to deliver value for money to consumers whilst also encouraging changes in the behaviour of market participants that will rebuild trust. It is therefore only right and proper that the Transparency Task Force’s Advisory Board be highly diverse but totally united in wanting to positively reform the system.
“We have deliberately set out to create an ‘all walks of life’ Board and we’re confident we have done that. The Board’s diversity has already led to meaningful discussion and debate, for example in exploring key questions such as what the Transparency Task Force should aspire to become. In my view, the organisation has enormous potential as a force for good and for the sake of the integrity of the financial system we have a collective duty to realise as much of that potential as possible. We are all volunteers in the wider TTF community, who are motivated to initiate a much-needed cultural shift in financial services.”
The members of the Advisory Board are:
- David Pitt-Watson, Visiting Fellow at Cambridge Judge Business School
- David Weeks, Co-Chair, Association of Member Nominated Trustees
- Gavin Starks, Founder of Dgen
- Heather Buchanan, Policy Director, APPG on Fairer Business Banking
- JB Beckett, UK Director, Association of Professional Fund Investors
- John Howard, Director, Consumer Insights; Chair
- Steve Kenzie, Executive Director for United Nations Global Compact, UK Network
- Susan Flood, ARK Campaign Group
- Sue Lewis
- David Masters, Director at Lansons
Advisory Group Inaugural Meeting Agenda
Time and place:
16:00 to 18:00 (with optional networking and refreshments after) on Tuesday 25thSeptember at the Board Room of Newgate Communications, Sky Light City Tower,50 Basinghall Street, London EC2V 5DE
2. General thoughts about the TTF – open discussion
3. General thoughts about what the TTF should aspire to become – open discussion
4. General thoughts on what the TTF Advisory Board should focus on – open discussion
5. AOB – open discussion
5. Scheduling the next meeting
6. Confirmation of agreed actions, if any
7. Optional networking and refreshments through to 18:30
5th June 2023
6th March 2023
8th December 2022
6th October 2021
7th July 2021
28th April 2021
Advisory Group meeting 28th April 2021
22nd October 2020
22nd January 2020
25th September 2019
15th May 2019
15th January 2019
25th September 2018
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