Mike Dailly and Ann Harris will serve as non-executive directors.

They will take up their posts when the body comes into existence, which is expected to be on 1 October.

The Single Financial Guidance Body will bring together the services currently delivered by the Money Advice Service, the Pensions Advisory Service and Pension Wise.

The Department for Work and Pensions (DWP) says that to “ensure a smooth transition to the SFGB, the chair has identified the need to retain valuable experience of the existing services.

“With the agreement of the Minister for Pensions and Financial Inclusion, Ann Harris, chair of the Pensions Advisory Service, and Mike Dailly, a non-executive director of the Money Advice Service, will be appointed to the SFGB for a period of two years.

“Both will remain in their current roles.”

Sir Hector Sants, the chair of the Single Financial Guidance Body, said: “The organisation intends to ensure it builds on the successes to date, and absorbs the lessons of the past.

“To best achieve this, a degree of continuity is vital and I am delighted that Mike Dailly and Ann Harris have agreed to join the board and look forward to working with them.

Mr Dailly is the director of the Govan Law Centre, in Glasgow, a charitable community law centre helping people to cope with financial disputes, including credit repayments and mortgage repossessions.

He has been a non-executive director with the Money Advice Service since April 2015 and is a Solicitor Advocate who acts exclusively for consumers.

Mr Dailly was also a member of the FCA’s financial services consumer panel from 2009 to 2015, and was the solicitor to the UK Unfair Bank Charges Campaign from 2005 to 2008.

Ann Harris OBE, CPFA is the chair and a non-executive director of the Pensions Advisory Service.

She previously worked for 40 years as a civil servant, holding Senior Civil Service roles in finance and programme management.

She was awarded an OBE in 2009, for her services to the DWP.

Her roles outside the DWP include the independent audit and risk committee member for the Gambling Commission, Chair of St Pauls Estate management company, vice chair of Dunstable and District Citizens Advice and company secretary for Leighton Buzzard Narrow Gauge Railway.