FCA's chair-elect admits error of judgment over tax avoidance scheme

Charles Randell tells MPs he repaid HMRC more than £100,000 after Ingenious investment The incoming chairman of the Financial Conduct Authority has admitted to an “error of judgment” after investing in a controversial tax avoidance scheme that resulted in him repaying more than £100,000 to the taxman.Charles Randell, a former City lawyer and government adviser at the time of the financial crisis, told the Treasury select committee that he had failed to see a “warnin