DWP names two SFGB non-executive directors

Written by Theo Andrew

The Department for Work and Pensions has named Ann Harris OBE and Mike Dailly as non-executive directors of its Single Financial Guidance Body (SFGB).

Harris is currently chair of The Pensions Advisory Service, while Dailly is a non-executive director of the Money Advice Service. The pair will take up office in October 2018 and will be appointed on a two-year term.

Former Financial Services Association chair Sir Hector Sants will head up the body, bringing together the services currently delivered by the Money Advice Service, The Pensions Advisory Service and Pensions Wise.

Sants made the appointments in order to “retain valuable experience of the existing services”.

Previously, Harris worked as a civil servant for 40 years, holding senior roles in finance and programme management and was awarded an OBE in 2009 for her services to the DWP.

Outside of the department her work includes being a risk and audit committee member for the Gambling Commission and vice chair of Dunstable and District Citizens Advice.

Dailly is currently Govan Law Centre director and has been a non-executive director with the Money Advice Service since April 2015.

He is also a European Banking Authority member, a Scottish Housing Group non-executive director and was a member of the Financial Conduct Authority’s financial consumer panel from 2009 to 2015.

In July, John Govett was appointed the first chief executive of the new SFGB on a four-and-a-half-year term.

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.”

SFGB is expected to launch in January 2019 and will be focused on pensions guidance, money guidance, debt advice, consumer protection and financial strategy.

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