Charles Counsell to leave The Pensions Regulator to become Chief Executive of the Money Advice Service
Tuesday 11 April 2017
The Pensions Regulator (TPR) confirmed today that Charles Counsell will leave his role as Executive Director of Automatic Enrolment, and member of TPR Board, in May to become Chief Executive of the Money Advice Service.
Mr Counsell joined the TPR Board as an Executive Director in 2011 to set up and drive the successful roll out of automatic enrolment across the UK. There are now more than 7.5 million more people saving into a workplace pension with 500,000 employers compliant with their workplace pension duties. Mr Counsell was awarded an OBE in 2017 for services to workplace pension reform.
Announcing Mr Counsell’s departure, Mark Boyle, Chairman of The Pensions Regulator said: “I want to warmly congratulate Charles on his appointment and thank him for the contribution he has made. The success of the automatic enrolment programme, so far, is in no small part due to Charles’ energy, vision and drive. He has built a team of highly talented people here at TPR who will be pushing on with this crucial work and we will announce a successor very soon. We wish Charles every success in his new role.”
Mr Counsell said:
“I have thoroughly enjoyed my time at The Pensions Regulator and I know I leave a team of people who are completely committed to making sure automatic enrolment remains a success story.
“The reason I was so keen to join TPR was to help shape and drive the roll out of AE because I am passionate about helping people have a better standard of living in their retirement. I am delighted to have worked with such a talented team in TPR, that has worked together with others in Government and across the pensions, payroll and advisory industries to make AE such a success.
“So far more than 7.5 million people have been given access to a workplace pension. These new savers are among many people who need support with their financial decisions and I relish the opportunity to help people get the guidance they need and to contribute to increasing financial capability in the UK.”
Charles Counsell will join the Money Advice Service in early June. He will formally join the Board at its meeting in June.
TPR is the regulator of work-based pension schemes in the UK. Our statutory objectives are: to protect members’ benefits; to reduce the risk of calls on the Pension Protection Fund); to promote, and to improve understanding of, the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of TPR’s functions under Part 3 of the Pensions Act 2004 only).
Matt Adams 01273 662086