What aspect of consumer protection does the FCA's Consumer Panel focus on?

The FCA's Consumer Panel is dedicated to safeguarding consumer interests in the financial services sector. This means that the panel plays a crucial role in representing the views and concerns of consumers to the Financial Conduct Authority, ensuring that their needs and rights are prioritized in regulatory decisions and practices. By focusing on consumer interests, the panel works to promote fairness, transparency, and accountability in the financial system. This includes advocating for policies that protect consumers from unfair practices, enabling them to make informed decisions about financial products and services. Ultimately, the panel’s focus aligns with the FCA's broader mandate of ensuring that financial markets operate in a way that serves the public interest.