David Harker, Frances Harrison, Dan Plant and Faith Reynolds will all join the Panel with effect from 1 January 2011 following approval by the FSA Board at its December meeting.
Nick Lord will be retiring from the Consumer Panel at the end of December 2010 having served on the Panel for six years.
Adam Phillips, chair of the Financial Services Consumer Panel, said: "We welcome the new members joining us in 2011 who bring a wealth of talent and experience to the Consumer Panel.
“The Panel's new members will ensure that the Panel maintains a wide spread of experience and knowledge across the financial services sector and help keep the protection of consumers at the heart of developments in the new regulatory structure.
“We are, of course, sorry to lose Nick Lord from the Panel. He has made a huge contribution to our work over the years, including chairing one of our working groups. We wish him well for the future."