Scottish lawyer appointed non-executive director of Money Advice Service

The Money Advice Service has announced the appointment of four new non-executive directors to their board including solicitor Mike Dailly.

Along with Mr Dailly, Caroline Fawcett, Nicola Bruce and Christopher Morson have been appointed by the Financial Conduct Authority (FCA).

The appointments, of Ms Fawcett, Mr Dailly and Ms Bruce begin today, with Mr Morson joining in September.

Andy Briscoe, chair of the Money Advice Service said: “I am delighted to be welcoming our new non-executive directors.

“They will undoubtedly bring valuable knowledge and insight to the Money Advice Service and provide the strengthening of the Board recommended by the Farnish review.”

“Raising the financial capability of the UK population will remain at the the heart of everything we do at Money Advice Service. Our 2015/16 business plan reflects our focus on helping consumers to plan ahead for key life events such as buying a home, having a baby or retirement. Debt advice will also be a priority, encouraging more people to seek advice and continuing to raise standards across the sector.

“Our new board members are well placed to guide and support our talented team at the Money Advice Service in taking forward this challenging but vital; agenda.”

Mr Dailly (pictured) is the director of the Govan Law Centre in Glasgow.

This is a not-for-profit advice centre which helps people to cope with financial disputes, including credit repayments and mortgage repossessions.

He has also been a member of one of the service’s stakeholder groups, theFinancial Services Consumer Panel.