The Secretary of State for Work and Pensions, Yvette Cooper, announced today that she has appointed Partha Dasgupta as the new Chairman of The Pensions Advisory Service. The appointment takes effect from 4 January 2010 and will be for three years.
Secretary of State for Work and Pensions, Yvette Cooper said:
“I am pleased to announce that Partha Dasgupta has agreed to be the new Chairman of the Pensions Advisory Service. He will bring a wealth of pensions, financial and management experience to his new role.”
Partha Dasgupta said:
“I am very pleased to have been given the opportunity to lead a body as well-regarded as The Pensions Advisory Service. Last year’s record demand from the public for our independent and free one-stop information and guidance on pensions demonstrates the growing need for our services.
“Our network of volunteers and professional staff are respected by the pensions industry and we believe we offer real value for money. I look forward to working with them and the wider pension community to build on past successes and meet the challenge of continuing to provide a first rate service to the public in a changing pensions environment.”
Notes to editors
1. Partha Dasgupta, 40, was appointed Chairman of the Pensions Advisory Service by the Secretary of State for Work and Pensions in January 2010, following open competition. He is also a non-executive director of the UK Statistics Authority and a member of the audit committee, a non-executive member of the Save the Children (UK) Investment Committee and a director of the SAUL Trustee Company.
Partha joined the Pension Protection Fund as Director of Investment and Finance in 2005 and served as its Chief Executive and Accounting Officer from 2006 to 2009. Before this, he spent ten years at Barclays Global Investors, the world’s largest asset management company, latterly as Managing Director of Fixed Income Europe and member of the European Executive Committee. He began his career as an analyst at the Prudential.
He has a degree in mathematics from Heriot-Watt University and was subsequently awarded an honorary doctorate in 2008 for his services to society.
2. The Pensions Advisory Service (TPAS) is an independent organisation, operating at arm’s length from DWP. It provides independent, non-regulated, one-stop information and guidance to members of the public on pensions matters. TPAS has three core services that it offers to individuals free of charge: information and guidance, dispute resolution and visits to the workplace to provide information on retirement planning.
3. TPAS provides a national pensions helpline 0845 601 2923 which is open 9.00am to 5.00pm Monday to Friday. The dedicated pensions helpline for women is contactable during the same hours on 0845 600 0806. In 2008/09 TPAS received a record 76,239 helpline calls, 12,897 written enquiries and over 800,000 people visited its website at http://www.pensionsadvisoryservice.org.uk/ and handled 7,026 pension disputes.
4. The service is provided by a nationwide network of volunteers and augmented by technical and administrative staff based in London. TPAS is funded by grant-in-aid from DWP which is recovered by a general levy on pension schemes.
Phone: For enquiries please contact the above department