The current chief executive (CEO) of the Money Advice Service (MAS) will take on the same position at The Pensions Regulator (TPR) in April this year.
Charles Counsell will remain at MAS, a government organisation which provides free and impartial financial advice to individuals, until the departure of the current CEO Lesley Titcomb.
Prior to joining MAS in June 2017, Counsell spent six years as executive director of automatic enrolment at TPR where he was responsible for the successful UK roll-out of this programme, working alongside DWP. For his services to workplace pension reform, Counsell was awarded an OBE in 2017.
Mark Boyle, chairman of TPR, said: “Lesley Titcomb has done a superb job over the last four years in driving the transformation of TPR. We are now a very different organisation and I want to thank her for all that she has achieved.”
Titcomb’s departure was announced in June 2018. At the time, she said the decision to step down had been “a difficult personal decision”, but it felt like the appropriate moment to find more time in her life for family, friends, other interests and opportunities.
Counsell said: “The work that TPR does is ever more important in a world where millions more people are saving into workplace pensions. The pensions landscape is changing. With more people saving into defined contribution than defined benefit pensions, individual savers rather than employers are bearing most of the risk. That makes the job of TPR even more important as it ensures that members are protected and those responsible for running schemes are both supported and held accountable.
"It is such an exciting time to join TPR and I relish the challenge and opportunity to work with a great team to make a real difference for savers.”