Mike Wells (businessman) 20 years in a variety of senior positions at Jackson. He was appointed as Jackson's CEO in January 2011, at which time he also joined the board of Prudential, Jackson's UK-based parent company. During Wells's four-year tenure as CEO of Jackson, it became the largest seller of variable annuities in the US. In June 2015, Wells succeeded Tidjane Thiam (who left to become CEO of Credit Suisse), on a pay package worth up to £7.5 million. In March 2016, he announced Prudential's first full-year results since taking over as CEO, showing that the group made operating profits of £4billion in
Financial Services Authority but it was for the FSA to decide what shape the regulatory regime should take in relation to any particular activities. The FSA was also provided with advice on the interests and concerns of consumers by the Financial Services Consumer Panel. This panel described itself as "An Independent Voice for Consumers of Financial Services". Members of the panel were appointed and could be dismissed by the FSA and emails to them were directed to FSA staff. The Financial Services Consumer Panel did not address individual consumer complaints. The FSA was governed by a Board appointed by HM Treasury. The members