Nausicaa Delfas was named CEO of The Pensions Regulator, and she will join from the U.K.'s Financial Conduct Authority at the end of March.
Ms. Delfas will replace Charles Counsell, whose departure from the watchdog for U.K. retirement plans was announced in June. Mr. Counsell took on the role in April 2019. He will remain as CEO until the end of March, a spokesman confirmed. Details on his future plans were not available.
TPR is working to implement a set of new initiatives focused on improving outcomes for savers, including a pensions dashboard and a new defined benefit funding code. Ms. Delfas will lead this work, TPR said in a news release.
TPR had run "an extensive selection process to find a new CEO," said Sarah Smart, chairwoman of the regulator, in the news release. "I am thrilled to appoint Nausicaa Delfas to the role at a time when the pace of change in the pension industry shows no sign of slowing. Nausicaa has a proven track record of delivering transformational change, and her background in governance will be vital as we ensure those who deliver pension savings are meeting the challenges of new legislation, and as we continue to improve our effectiveness by becoming a more data and technology-led organization."
Ms. Delfas is executive director, governance at the FCA. A spokeswoman for the FCA said a decision on how the role will be filled has not yet been made, given Ms. Delfas has only just been appointed at TPR.