ABI’s Maggie Craig lands FCA advisory role

Former ABI financial conduct regulation director Maggie Craig will join the FCA on 27 January as an adviser.

Craig left the ABI along with general insurance director Nick Starling and life, savings and protection director Steve Gay in October 2013.

The departures were part of a restructuring at the ABI, under which the general insurance and life and pensions divisions were merged. The ABI estimated the changes cut its running costs by 7%.

In her new role at the FCA, Craig will advise the regulator’s staff on a range of policy issues relating to life, pensions and general insurance.

She will report to the FCA’s head of savings, investments and distribution David Geale.

Geale said: “I’m delighted to be welcoming Maggie to the FCA. Her knowledge and experience of financial services and pensions policy issues is extensive and her input will be invaluable in helping us devise policy that is well-rounded and meaningful.”