Pensions industry cautious over Cooper appointment

While many acknowledge her economics credentials and achievements at the Treasury, there are concerns she has little knowledge of the complex issues facing the pensions market. Taking over from James Purnell, who resigned from the Department of Work and Pensions (DWP) last night, Cooper was previously Treasury Secretary, and has considerable experience of economics. Rachel Vahey, head of pensions development at Aegon, says Cooper will be a 'safe pair of hands' for Gordon Brown. "Yvette Cooper is an intelligent woman, and her economic background and experience in the Treasury will help...