Five issues the under-secretary of pensions must tackle

A 'wish list' from the pension industry

Carmen Reichman
clock • 3 min read

MP for Watford Richard Harrington was made parliamentary under-secretary of state for pensions in July. Here are five areas the industry believes should be his priority over the coming months…

From auto-enrolment to the lifetime allowance, one thing is clear - the industry wants simplicity and no more rabbits pulled out of hats. A lot has happened in pensions over the past years, not least the radical overhaul of the legislative landscape under former Chancellor George Osborne, sandwiched between various attempts to tinker with the way pensions are taxed. Harrington (pictured) was appointed pensions under-secretary following the resignation in July of pensions minister Ros Altmann. Altmann said at the time she was "at heart a policy expert, rather than a politician" and had...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

One year on: Abolished lifetime allowance still throwing up advice queries

One year on: Abolished lifetime allowance still throwing up advice queries

Scheme-specific lump sum queries

Andrew Tully
clock 24 April 2025 • 4 min read
Government to set up small pensions pot consolidator

Government to set up small pensions pot consolidator

Pension Schemes Bill measure will reduce admin costs and boost pots

Jonathan Stapleton
clock 24 April 2025 • 3 min read
Pension engagement only way to cut 'retirement anxiety'

Pension engagement only way to cut 'retirement anxiety'

Verona Kenny says industry has ‘moral duty’ to push engagement

Jenna Brown
clock 23 April 2025 • 3 min read