New single guidance body appoints two NEDs ahead of October launch

They will take up post when the body comes into existence, expected to be on 1 October 2018.

The Single Financial Guidance Body will bring together the services currently delivered by the Money Advice Service, the Pensions Advisory Service and Pension Wise.

Ann Harris is currently chair of the Pensions Advisory Service and Mike Dailly is a non-executive director of the Money Advice Service.

DWP announced Sir Hector Sants as the new Chair of SFGB in May 2018. Sir Hector spent his executive career in financial services and regulation, including as the chief executive of the Financial Services Authority, European CEO of Credit Suisse and a partner of stockbrokers Phillips & Drew.

John Govett was announced as SFBG's CEO last month. He is currently group chief executive at Ixion Holdings and has held previous roles as managing director of Surrey County Council and Shaw Trust Charity board executive.

Sir Hector Sants said: "The organisation intends to ensure it builds on the successes to date, and absorbs the lessons of the past. To best achieve this, a degree of continuity is vital and I am delighted that Mike Dailly and Ann Harris have agreed to join the board and look forward to working with them."