The FSA has appointed Chris Pond as its first director of financial capability.
The FSA says the appointment reflects the growing importance of the national strategy for financial capability.
Pond will join from his chief executive role for the National Council of One Parent Families in December.
He previously worked as MP for Gravesham between 1997 and 2005 and held a Minister position at the Department for Work and Pensions between 2003 and 2005.
He held the chair role at the Low Pay Unit between 1997 and 1999 and served on the FSA's working group on families in 2005 and the steering group on financial capability in 2006. He also forms part of the Thoresen review reference group.
The FSA has abolished the director of retail themes position, held by Vernon Everitt from October 2005, following the appointment.
All the central teams working on treating customers fairly (TCF) will now report to director Sarah Wilson.
The policy and themes departments have joined the retail policy and themes division, under director Dan Waters, as the FSA works in a more principles-based fashion.
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"Chris has a solid background in this area, having served on the FSA Steering group on financial capability, as well as the family group. As a former MP we trust that he will also be able to ensure Government takes seriously the need for far better levels of financial capability than is currently planned."
Anne Kiem, director of external affairs at the ifs School of Finance.IFAonline
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