An important figure at the Financial Conduct Authority is leaving to assume a key role in the pensions revolution by taking charge of The Pensions Regulator.

Lesley Titcomb has been announced as TPR's new chief executive, leaving her position as chief operating officer and board member with the FCA. She will take up the post from 2 March 2015.
She has been in her role at the FCA since April 2013 which involved having responsibility for the FCA's operational platform. She led the work to deliver the transition to the FCA from the FSA and recently oversaw the work to bring the regulation of consumer credit from the OFT to the FCA.
Ms Titcomb said: "The UK is currently undergoing a pensions revolution. With so much fundamental change, it is important that the industry is overseen by a strong, independent pensions regulator, focused on the issues within the sector, that is respected for its technical expertise and authoritative voice.
"I relish the opportunity of working with the regulator's high quality team and with other industry stakeholders to ensure that the changes and new freedoms planned for the pension system deliver clear benefits for retirement savers."

{desktop}{/desktop}{mobile}{/mobile}

TPR chair Mark Boyle said: "Lesley brings a wealth of regulatory and operational experience, at a time when The Pensions Regulator's responsibilities continue to expand. Next year will see the introduction of new minimum standards and a charge cap for DC schemes, much greater freedom for members drawing a retirement income, new regulatory responsibilities for public service pension schemes and the roll out of automatic enrolment to small and micro businesses."
"I would like to thank interim chief executive Stephen Soper for his strong leadership during an extremely busy and challenging period, which has seen the successful implementation of the first phase of automatic enrolment and a number of landmark case outcomes for the regulator. Stephen continues to lead the organisation until March."

Get FREE daily news summaries direct to your inbox. Sign up on the homepage now.

Follow us on Twitter and get frequent news alerts @FPM_online.

Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.

For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.