Partha Dasgupta has been appointed chairman of the Pensions Advisory committee by secretary of state for work and pensions Yvette Cooper.
Mr Dasupta said he was very pleased to accept the role and claimed last year’s record public demand for an independent information service showed a "growing need" for the Pensions Advisory Service to exist.
The growing demand for information could be attributed to volatility in the pensions market during the economic downturn when many schemes were closed and high profile liabilities gaps were exposed.
“Our network of volunteers and professional staff are respected by the pensions industry and we believe we offer real value for money," added Mr Dasgupta.
Volatility in the pensions market could result in a number of people looking to fund their retirement through additional schemes such as equity release.
Through such policies, homeowners can supplement their income with funds drawn from the value of their property.
