The Department for Work and Pensions (DWP) has appointed John Govett as the first Chief Executive Officer of the new Single Financial Guidance Body (SFGB).

Govett is vastly experienced, having worked in leadership roles across the public, private and charitable sectors including as Group Chief Executive at Ixion Holdings, Managing Director of Surrey County Council, Shaw Trust Charity Board Executive and P&O Ferries Commercial Board Director. He has a strong track record of driving transformational change, delivering outstanding services and leading successful growth.

A deputy chairman of Basildon and Thurrock University Hospitals NHS Foundation Trust, he will take up his new post in October 2018. His appointment, for a four-and-a-half year term, follows an open and competitive recruitment process overseen by the Office for the Commissioner for Public Appointments.

The government is bringing together 3 well known and respected organisations, the Money Advice Service, Pension Wise and the Pensions Advisory Service to create a new Single Financial Guidance Body offering UK-wide guidance on pensions and money, and debt advice in England.

SFGB is a fantastic opportunity to improve provision of free and impartial money and pensions guidance and debt advice so that people can make informed choices about their finances. This is a challenging but rewarding opportunity to lead on improving financial capability in the UK.

Secretary of State for Work and Pensions, Esther McVey, said  “I’m delighted to welcome John Govett as the first Chief Executive Officer of the Single Financial Guidance Body. John has extensive experience and knowledge from across a range of public and private organisations which make him the ideal candidate to establish this crucial new body, heralding a new era of excellence for financial guidance and debt advice in the UK. I look forward to working with John.

Govett said “I am honoured to be appointed the Chief Executive of the Single Financial Guidance Body. The new organisation will become a leader in its field, where we will strive to equip those in need of help with the money and pensions guidance and debt advice that they need to engage confidently with financial services. The key for the SFGB will be to focus on those services our customers need, with a joined-up partnership approach with the wider industry.”

‘I very much look forward to this exciting new combined service offer for the public and our staff.”

The chair of the Single Financial Guidance Body, Sir Hector Sants, said “The new organisation has a clear mission to help everyone manage their personal finances, as well as their circumstances, allow. My vision is of an organisation which is seen as transparent, accountable, effective and above all respected by all.I am delighted that John is joining us and I look forward to supporting him over the coming years.”