TPR names Nausicaa Delfas chief executive
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The Pensions Regulator’s new chief executive is Nausicaa Delfas, who currently serves as executive director of governance at the Financial Conduct Authority. Delfas will take over from Charles Counsell at the end of March 2023.
Delfas will lead TPR as it is set to support and enforce the rollout of pensions dashboards connection and adherence to a new defined benefit funding framework.
The FCA regulator was also an interim CEO and chief ombudsman of the Financial Ombudsman Service until October 2022. Before that she was responsible for the FCA’s international and Brexit strategy and delivery, and previously served as the FCA’s chief operating officer, having held other senior roles at the FCA and its predecessor the Financial Services Authority. Delfas trained and qualified as a solicitor at law firm Freshfields Bruckhaus Deringer in London.
TPR's current CEO Charles Counsell said in June that he plans to step down in March next year.
Sarah Smart, who chairs the regulator, said the appointment follows an extensive selection process.
“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 organisation,” she said.
Smart thanked Counsell for working “tirelessly to help TPR become the clearer, quicker and tougher regulator it is today” and for leading “from the front".
Saving effectively for the future is essential for everyone, said Delfas, adding: “TPR plays a key role in protecting work-based pensions and the post-retirement income of over 30m people. I look forward to leading this organisation in its critical work."
Pensions minister Laura Trott congratulated Delfas and said: “Nausicaa will bring a real wealth of experience to the role, and I’ve no doubt she will be an excellent choice to continue the pivotal role played by Charles Counsell and the whole TPR team in supporting and expanding pension saving across the country.”
What direction could TPR take under the new CEO?
