The Department for Work and Pensions (DWP) has begun its search for someone to chair the authority which will deliver the government’s new personal account scheme.
The job was advertised in the latest issue of The Sunday Times. The Authority will deliver the new personal account pension scheme which the government plans to introduce in 2012, and will help employers to ensure they are fulfilling their new obligations.
The advert requests someone who is ‘an outstanding strategist, an inspirational leader and a communicator with experience as a main board director or chair of a major commercial organisation ideally in the financial services industry.’ The job will require the individual to work two days per week for the first two years.
The salary has not yet been specified, but the advertisement, stated: ‘this critical role will be compensated at a market competitive level.’
The DWP also placed an advert for a non-executive director for the Personal Accounts Delivery Authority.