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Govett PHOTO

New CEO of the Single Financial Guidance Body appointed

John Govett is vastly experienced, having worked in leadership roles across the public, private and charitable sectors including as Group Chief Executive at Ixion Holdings, a not-for-profit skills and employment group of companies, 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.”

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.”

More Information:

John’s most recent role was as Group CEO of Ixion Holdings. His career has been in transformational change, partnership working, delivering outstanding services and leading successful growth. John has worked in the public, private and charitable sectors, with previous posts including Managing Director at Surrey County Council, Shaw Trust Charity Board Executive and P&O Ferries Commercial Board Director. John is also Deputy Chairman/Non-Executive Director of an NHS Foundation Trust acute hospital.

The department announced Sir Hector Sants as the new chair of the SFGB in May 2018. Sir Hector spent his executive career in financial services and regulation, including as the Chief Executive of the Financial Services Authority, European CEO of Credit Suisse and a partner of stockbrokers Phillips & Drew. Since retiring from full time work, his focus has been helping people manage their money, and promoting a fairer financial system. Sir Hector is a trustee of Just Finance, a charity which collaborates with the Church of England to promote a fairer financial system, and a member of the UK’s Financial Capability Board. He is also chairman of StepChange Debt Charity, the UK’s biggest debt advice charity, but will step down before joining the SFGB.

The SFGB will replace the 3 existing providers of government-sponsored financial guidance – the Money Advice Service, the Pensions Advisory Service and Pension Wise – bringing together the provision of debt advice, money guidance and pensions guidance for the first time. A new, single body provides an opportunity to deliver a more streamlined service to members of the public providing easier access to the information and guidance people need to help them make effective financial decisions throughout their lives.

We expect the SFGB to be established as a legal entity in October 2018 and start preparing for its official launch in January 2019 when the body takes on its delivery functions and staff will transfer to the new organisation. It will have 5 core functions:

– the pensions guidance function – to provide information and guidance to the public on matters relating to occupational and personal pensions
– the money guidance function – to provide information and guidance designed to enhance people’s understanding and knowledge of financial matters and their ability to manage their own financial affairs
– the debt advice function – to provide members of the public in England with information and advice on debt
– the consumer protection function – enabling the SFGB to work with government and the Financial Conduct Authority in protecting consumers from detriment
– the strategic function – to work with others in the financial services industry, the devolved authorities, and the public and voluntary sectors to develop a national strategy to improve the financial capability of members of the public, the ability of members of the public to manage debt, and the provision of financial education to children and young people

The body will also provide advice to the Secretary of State on establishment of a debt respite scheme.

MCA PHOTO

PwC Advisory and Deloitte Consulting steal the show at MCA Awards

The Management Consultancies Association has hosted its annual awards ceremony with numerous firms honoured on the night. While a diverse range of firms were celebrated, however, it was a duo of Big Four firms who dominated proceedings, with PwC Advisory and Deloitte Consulting scooping a total of 12 accolades between them.

The yearly MCA awards have become a major moment in the calendars of the UK’s leading management consultancies over the past 21 years. Organised by the Management Consultancies Association (MCA), the event commends best practices and recognises high-quality performance in the UK’s £10 billion consulting industry across three areas, with 18 different awards for client excellence handed out in the process. These awards recognise consulting firms and their teams for delivering excellent results for their clients, including gongs for best projects in strategy, commercial excellence, performance improvement, change management, social & environmental value and customer engagement.

On the night, the consulting arms of two of the Big Four firms – PwC and Deloitte – stole the show, with 12 winning or highly commended entries in total. Including both outright wins and highly commended nods, PwC scooped seven awards while Deloitte was honoured five times.

PwC

PwC was the outright winner of Project of the Year, for the transformation of Rolls Royce Holding’s future global logistics services as well as for four other awards. The firm also received the prize for Best Use of Thought Leadership for its work with TheCityUK, which recently saw the pair publish articles on the effects of Brexit, and the potential boost to the economy of a thriving professional services sector, among other flagship topics.

The Change Management in the Private Sector was awarded to PwC for its work with Softbank Group – which encouraged investment in automation technologies – along with the award for Commercial Excellence (also relating to PwC’s work with Rolls Royce), and the prize for Digital and Technology, recognising PwC’s role in Direct Line Group’s new insurance initiative for small businesses. Capping an excellent outing for the firm, PwC were also highly commended in the International and the Social & Environmental Value categories, both for the firm’s work with the UK Department for International Development.

Commenting on the MCA Awards success, Marco Amitrano, UK consulting leader at PwC, said, “This is great public recognition of how we’re helping our clients deliver significant, high quality transformation for their businesses. Our winners were up against tough competition and we’re proud to see their work recognised and celebrated at these prestigious awards. The MCA Awards strive to celebrate projects where clients and consultants work together to achieve great results. I’m delighted we had so many projects and individuals shortlisted this year and want to congratulate everyone, especially those who won.”

Deloitte

Deloitte, meanwhile, won three categories as a firm. Following Deloitte’s success at the awards over the last two years, these new accolades bring Deloitte’s total to a staggering 31 over a three year period.

Notably, Deloitte drew praise for its role assisting the Police Service Northern Ireland with the modernisation of its recruitment process – with Deloitte winning the People category subsequently. The firm also picked up the prize for Strategy, winning for its work with Merck, Sharpe & Dohme and the Heart of England and NHS Foundation Trust, exploring new strategies to provide value beyond pharmaceutical drugs for NHS customers suffering from diabetes and lung cancer. On top of this, Deloitte won the Performance Improvement in the Private Sector prize for its work with Syngenta, in order to boost the agricultural output of the firm as well as improving its environmental footprint.

Like PwC, Deloitte also received ‘highly commended’ statuses. In the Digital and Technology category won by PwC, Deloitte was highly commended for the firm’s work with AstraZeneca RPA, leveraging Robotic Process Automation (RPA) to enable Astra Zeneca to boost productivity without compromising on cost or quality. The Change Management in the Public Sector category also saw Deloitte receive this commendation, for their role helping the Greater Manchester Health & Social Care Partnership to work towards being a self-sustaining region with an improved standard of health care and health services.

Commenting via the firm’s website, Deloitte said of the awards glut, “All of our winning and finalist entries are testament to the outstanding work of our consultants who continually go above and beyond to make an impact that matters for our clients and communities.”

Among the other consulting firms celebrated at the 2018 MCA Awards were Simon-Kucher Partners, Coeus Consulting, Jacobs, OEE Consulting, PPL, Thales Cyber & Consulting, Arup, Egremont Group, Carnall Farrar, IBM, GE Healthcare Partners, Proudfoot, Turner & Townsend Suiko, and Atos.