James Purnell replaces Hain

clock

James Purnell, the Secretary for Culture, Media and Sport, has replaced Peter Hain as Secretary of State for Work and Pensions, reports the BBC.

Hain resigned today after the Electoral Commission involved the police in an investigation into £103,000 in undeclared donations. Purnell had held his role at the Department for Culture, Media and Sport since June 2007. He last worked in pensions in 2006 as Minister for Pensions Reform after holding the Minister for Creative Industries and Tourism role from May 2005. He also sat on the Work and Pensions Select Committee in the House of Commons from 2001 to 2003 and the chair of the All Party Group on Private Equity and Venture Capital from 2002 to 2003. Before joining Parliament he wor...

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 Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read