The Department for Work and Pensions has announced that Partha Dasgupta, Chair of The Pensions Advisory Service (TPAS), will stand down from the role at the end of September.
The Secretary of State will launch a recruitment exercise for a successor later this month (January).
Partha was appointed to the role of Chair in January 2010 for 3 years and reappointed in January 2013 for a second 3-year term.
Minister for Pensions, Steve Webb said:
I am grateful to Partha for successfully leading TPAS through a period of change, as it modernised its delivery model and maximised the contribution of the volunteers who provide so much of its services. He has provided clear direction, challenge and support to the organisation throughout his term. I wish him well for his future ventures.
Partha Dasgupta, TPAS Chair said:
Following the thirtieth anniversary year seems like the right time to hand over the reins and let me pursue some personal interests. TPAS continues to perform an important service, and I have enjoyed working with so many talented individuals – both our dedicated permanent staff and marvellous volunteers.
Making pensions accessible has been at the heart of my period as Chair. People demand information in ways that are convenient to them and pensions should be part of that. Over the last few years we have invested in our infrastructure and people to make sure that we have the tools and skills to serve the public, making us more efficient at a time of budget squeeze and helping us meet our financial plan.
As well as being able to phone, email and visit the website, the public and industry can tweet, watch YouTube videos, engage in web chats on pensions issues and follow TPAS on Facebook. TPAS customer satisfaction ratings exceed 95%.
Current remuneration is £30,000 pa for 60 days.
Partha Dasgupta was appointed in January 2010 for 3 years and was reappointed in January 2013 for a further 3 year term. He is stepping down a year early to pursue new ventures.
Partha Dasgupta currently holds a number of non-executive roles in the public sector and was previously Chief Executive of the Pension Protection Fund, helping to establish that organisation. Previously, he had a distinguished career in the City, latterly as a Managing Director at Barclays Global Investors (now Blackrock) running their European Fixed Income and LDI business.
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