Winterton CV concerns providers

Winterton, who replaced Mike O’Brien as part of a cabinet reshuffle, has been minister of state at both the Department of Transport and the Department of Health but has no Government-related pension history. Providers including Standard Life, Aegon UK and AXA Sun Life agree Mike O’Brien had done a good job in the post but claim issues including means testing and public subsidies for personal accounts remain unresolved. Steve Folkard, head of pensions and savings policy at AXA Sun Life, says Winterton’s appointment suggests pensions has “effectively become a ministerial merry-go-round”. “...