Charles Randell steps down as chair of the FCA before term ends

Randell was appointed chair in April 2018 and was due to hold the appointment for five years but plans to leave the role in Spring 2022. Chancellor of the Exchequer Rishi Sunak has been asked by Randell to begin the process to appoint his successor. In April, Gina and Alan Miller of the True & Fair Campaign called for the resignation of Randell over the compensation scheme of victims of financial loss, claiming the FCA had taken "anti-consumer and potentially unlawful steps". Last year, Randell apologised for the FCA's role in the London Capital & Finance and Connaught fund scandal...