Practitioner Panel and Insurance Practitioner Panel

The Practitioner Panel and Insurance Practitioner Panel are independent statutory panels that represent the interests of practitioners from the areas of the financial industry that the PRA regulates.

Overview 

The Practitioner Panel and the Insurance Practitioner Panel are established under the Financial Services and Markets Act 2000 to represent the interests of practitioners.

We have a statutory duty to maintain effective arrangements to consult practitioners and consider their representations.

The Panels will consider our policies and practices and provide input to the PRA to help it meet its statutory objectives. The Practitioner Panel is consulted on the PRA’s general policies and practices (relating to either banking or banking and insurance). The Insurance Practitioner Panel provides a dedicated forum to discuss the PRA’s policies and practices related to the insurance sector only. Information is shared between the Panels. When appropriate, members of the Panels report informally to industry on their work. 

The membership of the Panels is broadly representative of PRA approved persons and market participants. The members of the Panels have been nominated by trade associations and market participants, with the composition being broadly representative of how the PRA allocates its resources. Members are independent of the firm, trade association, or market participant they are drawn from.

Members of each Panel serve a three-year term, which is renewable at our discretion. The Practitioner Panel meets approximately every eight weeks and the Insurance Practitioner Panel meets approximately every four months. For future recruitment for both Panels, we will consult the relevant trade association(s) and market participant(s) to secure nominations for new members.

 

Practitioner Panel members

The Panel has elected its own Chair, Helen Pickford (UK Chief Financial Officer, Zurich Insurance Group). 

A full list of Panel members can be found below, along with the trade association that nominated them:

UK Finance

  • Lax Seshan, Chief Financial Officer, State Bank of India (UK)
  • Julia Dunn, Chief Risk Officer, HSBC UK
  • Vicky Davies, Chief Executive Officer, Northern Bank Limited

Association of British Insurers

  • Helen Pickford (UK Chief Financial Officer, Zurich Insurance Group)
  • Rakesh Thakrar, Chief Financial Officer, Phoenix Group
  • Charlotte Jones, Group Chief Financial Officer, Aviva

Building Societies Association

  • Tonia Lovell, Director of Risk Management and Society Secretary, Bath Building Society
  • Muir Mathieson, Deputy Chief Financial Officer and Treasurer, Nationwide Building Society

Association of Foreign Banks

  • Megan McDonald, Chief Executive Officer, Daiwa Capital Markets Europe Ltd

PIMFA

  • Richard Wilson, Chief Executive Officer, Abrdn Life and Pensions

GB Credit Unions Association

  • Caroline Domanski, Chief Executive Officer, No1 CopperPot Credit Union

The Institute of Chartered Accountants in England and Wales/The Institute of Chartered Accountants of Scotland

  • Nigel Willis, Partner, PwC UK

The Investment Association

  • Ruairi O’Healai, Managing Director, Morgan Stanley Investment Management

NI Credit Unions

  • Sinead McKeown, Affiliate Engagement Officer for Northern Ireland, Irish League of Credit Unions – NI Credit Unions

The Association for Financial Markets in Europe (AFME)

  • Anna Dunn, Chief Executive Officer, JP Morgan UK

Insurance Practitioner Panel members

The Insurance Practitioner Panel is chaired by Charlotte Jones.

A full list of Panel members can be found below, grouped under the trade association or market participant that nominated them:

Association of British Insurers

  • Helen Pickford, UK Chief Financial Officer, Zurich Insurance Group
  • Rakesh Thakrar, Chief Financial Officer, Phoenix Group
  • Charlotte Jones, Group Chief Financial Officer, Aviva

Lloyd’s

  • David Sansom, Chief Risk Officer, Lloyd’s

Lloyd’s Market Association

  • Neil Brothers, Risk & Compliance Director, Ark Syndicate Management Limited

Insurance & Reinsurance Legacy Association (IRLA) International 

  • Kevin Gill, Partner, Ernst & Young and Chief Risk Officer & Director, Municipal Mutual Insurance Ltd

Association of Financial Mutuals 

  • Peter Green, Chief Executive, Healthy Investment

International Underwriting Association of London (IUA)

  • Patrick Nolan, Regional Chief Risk Officer, EMEA, Chubb

Institute and Faculty of Actuaries (IFoA) 

  • Tim Stedman, Group Capital Director, L&G
This page was last updated 20 September 2024