Former pensions minister Steve Webb is in talks to succeed Lesley Titcomb as chief executive of The Pensions Regulator (TPR), it has been reported.
According to Sky News, Webb is one of a handful of people who have been shortlisted to take the role following Titcomb’s departure in February.
Titcomb served in the position for four years, and most recently oversaw the handling of the BHS and British Steel Pension Scheme sagas.
Webb formerly served as pensions minister under the coalition government until 2015. As minister he oversaw the introduction of the pension freedoms and auto-enrolment.
Since leaving parliament in 2015, Webb has worked at Royal London as director of policy.
The appointment of the next chief executive is the responsibility of TPR’s board, although it will also require approval from the Department for Work and Pensions (DWP).
The new TPR head will join in the midst of the defined benefit (DB) consolidation paper, the 2019 pension bill among other pensions reforms.
When asked by New Model Adviser® about his potential appointment, Webb said he was unable to comment.
A TPR spokesperson said: ‘The process for finding a new chief executive is ongoing and we will make an announcement at the appropriate time.’
The regulator could not give further information as to when it will be revealing Titcomb’s successor, but it is expected the announcement could be as early as this month.