The FSA has appointed Pensions Regulator chief Tony Hobman as head of the newly created Consumer Financial Education Body (CFEB).
Hobman will step down as chief executive of the Pensions Regulator on 14 May to take up his role at the body soon after.
He has held several positions within the financial services arena, including a 20-year stint at Barclays Bank. Hobman was also chief executive of ProShare, the Money Channel plc and the Occupational Pensions Regulatory Authority.
The CFEB, established by the Financial Services Act, was created to improve consumer understanding of, and confidence in, financial services.
A core part of its remit will be the roll-out of the national face-to-face financial advice service Money Guidance, which is expected to be in place by the end of the year.
"The creation of a separate agency emphasises the importance of financial education in improving the effectiveness of the UK's financial market for consumers," says FSA chief executive Hector Sants.
"CFEB will be able to take a leading role in improving consumer understanding of money matters and, in turn, help to improve consumer confidence in financial services."
Chris Pond, currently FSA director of financial capability, will become an FSA senior adviser working with both the FSA and CFEB.
Achievements, charity work and other happy snippets
Laughable excuses for persisting
Spent 56 years at Schroders
Warns on profits