The UK Financial Services Authority has appointed two new non-executive directors to the board of the Financial Services Compensation Scheme. Marian Glen and Charles McKenna will take up their positions on 1 February.

Glen was general counsel at Aegon UK from 2009 to 2011; before that she was a partner at law firm Shepherd and Wedderburn. She was also involved in a programme of remediation for Scottish Equitable customers and worked on the provision of redress.

McKenna spent 22 years as a corporate partner at Allen and Overy, specialising in corporate transactions, financial services and regulatory bodies. In the 1980s he was involved in the formation of the Securities Association, the first UK self-regulating organisation.

The FSA also reappointed Alex Kuczynszi and Kate Bartlett as executive directors for a further term.

The FSCS is the UK’s statutory fund of last resort for the customers of authorised financial services firms. While independent from the FSA, the FSCS is accountable to it and, ultimately, to HM Treasury.