The Transparency Task Force is establishing an Advisory Board.
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 Board would function.
The slides used at the meeting can be downloaded by clicking on the PDF icon below:
Subsequently, John Howard has become the Chair of the Advisory Board, as explained in the press release below..
Press Release 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 Conduct Authority’s 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 is currently Vice Chair of the Family Building Society and serves on the With Profits Committee and the Independent Governance Committee of Scottish Widows. He is a Trustee of the Thalidomide Trust and Director 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.”
Notes for Editors:
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. The TTF believes that higher levels of transparency are a pre-requisite for fairer, safer, more stable and more efficient markets that will deliver better value for money and better outcomes to consumers; helping them to get treated fairly.
Furthermore, because of the correlation between transparency, truthfulness and trustworthiness, it expects its work will help to repair the reputational damage the sector has been suffering for decades.
The TTF is an informal but increasingly influential forum of ethically-minded people that care about the financial services sector and the people it serves. It is collaborative, collegiate and consensus-building; focusing on solutions not blame. It believes the financial ecosystem is profoundly important to the wellbeing of society, the global economy and political stability; but there is a great deal wrong with it that needs fixing.
Its mission is “To help fix Financial Services so that consumers get treated fairly; by harnessing the transformational power of transparency.” For further information about the Transparency Task Force see: www.transparencytaskforce.org.
All enquiries to email@example.com
Jamie Lindsay is currently a member of the House of Lords EU Sub-Committee on Financial Affairs, Chairman of UKAS (the UK’s National Accreditation Body) and BPI Pension Trustees Ltd, Non-Executive Director of Brockwell Energy Ltd., and Advisor to RPC/BPI plc and 3R Energy.
Jamie’s career has included a number of senior Public, Private and NGO sector appointments. He is a former Government Minister and has since advised governments of all political hues in roles such as Deputy Chairman of the Better Regulation Commission, Joint Chair of the Risk & Regulation Advisory Council and membership of the Better Regulation Strategy Group.
He has served as a Non-Exec Director at BPI plc, Scottish Resources Group (SRG) Ltd and UA Group plc, and as Chairman of SRUC/SAC Commercial Ltd, SQS, ABM Ltd., FCI Ltd. and GQA Ltd. Jamie is currently President of the Chartered Quality Institute and Vice President of the Trading Standards Institute amongst other NGO roles.
He has a Master’s Degree (Economic History) from the University of Edinburgh and an Honorary Doctorate from the University of Glasgow.
“I am pleased to be a part of TTF’s Advisory Board because there is universal shared interest in fair, safe, stable and efficient financial goods and services.”
Affectionately known as JB, Jon Beckett has been a professional fund investor and analyst for two decades including; wealth, advisory and institutional.
Throughout JB has been a vocal campaigner for better fund governance. A campaigner for professionalism and better standards in fund investing and due diligence; as Director of the Association of Professional Fund Investors he leads a global team to tackle issues arising from transparency, sustainability and technology. As Author of ‘#NewFundOrder’ and Co-Author of ‘The WealthTec Book’, JB has been a thought leader in the digitalisation and sustainability of asset management, speaking and writing globally.
A dedicated educator, JB is a guest lecturer at Stirling and Herriot Watt Universities and has written textbooks up to NQ Level 7 for the Chartered Institute for Securities and Investments, with which he is Chartered and a member of its disciplinary panel.
I’m excited to be a part of TTF’s Advisory Board. This is a great opportunity to lead and reform the asset management industry. Finance is capable of delivering a sustainable and purposeful capital model yet frequently falls short of the fiduciary test when poor practises are left to fester in the shadows.
David Weeks was elected as Co-Chair of the Association of Member Nominated Trustees (AMNT) in 2016. He has served on the committee since 2014.
I am pleased to be part of TTF's Advisory Board because of the significant work that the organisation started, and continues to carry out, in putting the important topic of costs and charges under scrutiny”
Head of Thought, Contexis Index CIC,
CEO, Contexis Ltd
John believes passionately in the power of clear purpose and entrepreneurial thinking to unlock the potential and performance of people and organisations.
John’s companies work with business leaders in big organisations to clarify and implement strategy and transform the way their organisations think. John writes and speaks on purpose, ethics and entrepreneurship and has been a guest lecturer at Cranfield, Henley and Cambridge Judge Business Schools. He has authored two books on entrepreneurship and, a long time ago, was runner-up in IoD Director of the Year.
His main interest in recent years has been to pursue the ‘holy grail’ of measuring the commercial impact of purpose and showing exactly how it drives performance in real businesses in real time.
He has worked closely with leading academics at Cambridge and Plymouth Universities to deliver this ambitious goal, the Contexis IndexÒ, through a social enterprise company.
I am pleased to join TTF’s Advisory Board because, over a 30-year career spent in both global corporations including Unilever and Diageo and as CEO of several of entrepreneurial and start-up businesses, I have observed that effective, agile and entrepreneurial leadership, able to execute strategy and inspire organisations to deliver it comes from a clear sense of purpose, executed with courage, transparency and integrity.
Margaret is a Pensions Professional and experienced Non-Executive Director, focused on good outcomes and high-quality services that don’t cost the earth.
She is a Non-Executive Director of the Pensions Regulator and an Independent Non-Executive Director of XPS Pensions Group plc. She is also an Independent Non Exec Director of the Phoenix Group With Profits Committees, having previously served as a Member of their IGC for almost three years. She previously held Partner and Director level positions with leading employee benefit and financial services companies.
She is Chairman of the Pensions Administration Standards Association and also Chair of the Monitoring Board on Incentive Exercises and chairs the Pension Scams Industry Group that developed the Combating Pension Scams Code of Good Practice. She is a Governor and member of the Council of the Pensions Policy Institute and is a Fellow and former Vice President of the PMI as well as Fellow and past Chairman of The Pensions Advisory Service. She has recently joined the Pensions Advice Taskforce set up by the PFS to improve ethical standards in transfers advice through a Code of Good Practice.
Margaret was an independent member of the Steering Group for the original HM Treasury Pensions Dashboard project and continues to advise DWP on the topic.
Margaret was appointed an OBE in 2010 and was, uniquely, for seven years running named as one of the Top 50 Influential People in Pensions and was awarded for her outstanding contribution to the pensions industry by the PMI in 2012. In 2013 she was listed as one of the Top 100 Women in Finance in Europe, in 2014 was named Pensions Personality of the Year and in 2017 was voted “Industry Champion”. In 2018, she was voted the inaugural Pensions Woman of the Year.
“I’m pleased to be a part of TTF’s Advisory Board because transparency is the key foundation for consumers, whether big or small, to be able to make informed decisions. Without transparency, there can be no honesty and therefore no trust, so to restore confidence in the financial sector, we all must do our utmost to be clear and open."
UN Global Compact UK
Steve is the Executive Director of the UN Global Compact Network UK; a position he has held since 2007. The Global Compact is the UN’s corporate sustainability initiative. It calls upon participants to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption.
The UK Network coordinates UN Global Compact activity for 185 UK-based member organisations. The Network facilitates learning, knowledge exchange, and networking, while promoting the UN Global Compact and advocating for business engagement in sustainable development.
Previously, Steve was a Programme Director at the International Business Leaders Forum where he contributed to projects across a wide range of themes including: business & human rights, water stewardship, fighting malaria, inclusive business, social enterprise, and climate change. He was also the Managing Director of a successful retail sporting goods venture.
Steve attended the University of British Columbia where he earned a Bachelor of Commerce. He also completed Imperial College’s MSc in Environmental Technology programme, completing the Business and the Environment specialisation with distinction.
“I’m pleased to be a part of TTF’s Advisory Board because I believe TTF can be an effective driver of much needed change in the financial services sector. “
House of Lords
Ros Altmann is a pensions expert with over 35 years’ experience in all aspects of pensions. She was elevated to the House of Lords by David Cameron to become Minister of State for Pensions after the 2015 General Election and served until July 2016.
She was the UK Government’s Business Champion for Older Workers from 2014 to 2015 and was Director General of over-50s specialists Saga from 2010 to 2013. Ros was awarded a CBE in the Queen’s Birthday Honours in 2014 for services to Pensioners and Pension Provision.
For many years, Ros has championed pensions justice and led a successful campaign to help 150,000 people receive compensation when their occupational pension schemes collapsed. Her work was instrumental in setting up the system of UK pension protection.
She appears regularly in the media and writes and comments on economics, pensions, later life and consumer matters. She has won numerous awards, including Pensions Personality of the Year (twice) and Industry Guru of the Year.
Initially working as an academic analysing occupational pensions and pensioner income, she then began a City career managing pension fund assets. She ran the international equities investment operation at Chase Manhattan Bank, London and was a Director at N.M. Rothschild and NatWest.
After having her children, she started an independent consultancy, advising Governments, the pensions industry and pension funds on policy and investment strategy, including sitting on several pension fund boards and investment committees.
Ros has a Ph.D. in Economics from London School of Economics and was a Kennedy Scholar at Harvard. She also has two honorary doctorates awarded for her work on pension investment from Westminster University Business School and Newcastle University.
"As transparency and good governance are so important to members’ pension outcomes, I am pleased to be part of the TTF Advisory Board."
River and Mercantile Solutions
Matt is a Director at River and Mercantile Solutions, helping pension schemes meet their funding objectives on an advisory or fiduciary approach.
He has spent over a decade working across the spectrum of the pensions industry, in actuarial, investment consulting, asset management and as an Independent Trustee.
This varied background gives him the expertise to be able to solve the many challenges facing pension schemes today.
"I’m delighted to be part of the TTF’s Advisory Board as the work being undertaken clearly helps raise the bar in the industry, this then improves outcomes for pension schemes and ultimately improves the outcomes for the members."
Cambridge Judge Business School
David is Co-Author of ‘The Purpose of Finance’, ‘What they do with your Money’ and several other books. He Co-Chaired the United Nations Environment Programme Finance Initiative, and led the Royal Society of Arts Tomorrow's Investor Project. David is the Treasurer of Oxfam, a Board-member at NESTA and is recognised globally as a leading thinker and practitioner in the field of responsible investment and business practice.
David is a winner of the Transparency Trophy and his ground-breaking work on 'Purpose' was the initial inspiration behind the creation of Team PISCES. David is a frequent speaker at TTF events.
Gavin explores the impact of data and the web on business, society and culture.
Amongst many other things he is involved with important, pioneering work that is highly relevant to the mitigation of climate change risk; highly relevant to the topic of financial stability.
Gavin has co-created over a dozen data-driven organisations to bring multidisciplinary leadership to the digital age. These have addressed data infrastructure, policy, science, communications, innovation and skills across fintech, climate change, supply-chain management, modern slavery, the circular economy, digital media, telecoms, machine learning, blockchain and the internet of things.
He co-chaired the development of the Open Banking Standard and was founding CEO of the Open Data Institute.
He is currently convening federated partnership programmes to help address the Sustainable Development Goals; is Advisory Board Chairman at blockchain company, Provenance.org; Non-exec at circular-economy IoT company, CupClub; Trustee at environmental charity, Blue Ventures; Chairman at Rinse Media Group; strategic advisor to governments, for-profit and non-profit companies who create global impact with data.
Gavin was the Open Data Institute's founding CEO, working with Sir Nigel Shadbolt and Sir Tim Berners-Lee. Under his leadership, it unlocked over $100M of direct economic impact, incubated over 50 companies, launched franchises across 20 countries, trained 6,000 people, recruited a world-class board and team, and grew its turnover to $7M/y in under three years.
In 2015, at the request of HM Treasury, he co-chaired the development of the Open Banking Standard, laying the foundations for regulation and catalysing international innovation.
He served on the Data, Science and Evidence advisory board of the Ministry of Justice and the Smart London Board reporting to the Mayor’s office.
He has been creating businesses for over 20 years, leading projects with organisations such as Arup, Cap Gemini and the World Bank. He has been recognised as one of the most influential people in data: winning awards for his innovation and expertise, and providing Parliamentary Select Committee evidence.
He is a regular international speaker on the topic of the web of data and its impact on society.
His previous ventures include: organising the world’s environmental data and standards into an open web-service, AMEE, raising over $10M from leading VCs (sold 2015); chairing development of the first Gold Standard Carbon Offset; building the world’s leading digital music distributor, CI, the first company to deliver digital products to iTunes, and sent Amazon 25% of its download store at launch; creating award-winning streaming media company, Tornado in 1999 (sold 2003); joining Branson’s Virgin Net as employee #5 in 1995 to deliver Virgin Net (now Virgin Media).
At Jodrell Bank Radio Observatory, Gavin helped develop systems designed to map and interpret the Universe. He is a Fellow of the Royal Society of Arts, created courses and lectured in Engineering and Music at Glasgow University, and has degrees in both Astronomy and in Electronic Music (on which he has published research & released ab album) He converted a century-old ship to live aboard and built a cooperative historic harbour on the Thames to put it on.
“I’m pleased to be on TTF’s Advisory Board because transparency not only builds trust, it creates more stability around our core infrastructure and, in the digital age, opens up potential for global innovation”