The surprise appointment of John Hutton as the new Work and Pensions Secretary has left the pensions industry unsure of what will happen next.
John Hutton, who too over at the Department for Work and Pensions (DWP) yesterday, has previously spent time in both the health department and trade and industry, but has little or no previous experience of pensions and welfare. Until yesterday he was Chancellor of the Duchy of Lancaster to the With the Turner report due out in less than a month, the timing of the resignation and appointment could not have been more unforunate, and the lack of previous pensions experience of the new minister has caused some concern in the industry, which would have preferred the appointment of someone mor...
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