New pensions secretary must inject 'stability' at DWP

DWP urged to boost collaboration

Martin Richmond
clock • 2 min read

Newly appointed secretary of state for work and pensions Chloe Smith must ensure the Department for Work and Pensions (DWP) is stable to ensure the public has confidence in it, according to industry experts.

Smith, whose appointment was announced yesterday (6 September), replaces new health secretary and deputy prime minister Thérèse Coffey, who had been in the role for just under three years. Quilter head of retirement policy Jon Greer said that due to the long-term nature of pensions, Smith must be given time to implement the DWP's legislative agenda. "She will need time in the role to ensure that any changes in policy are carefully planned and crucially do not create unintended consequences down the road. "The government as a whole, but particularly the DWP, needs stability as other...

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

Devilish details: Protection and the abolition of the LTA

Devilish details: Protection and the abolition of the LTA

'There are a number of subtleties to be aware of'

Thomas Coughlan
clock 22 March 2024 • 8 min read
L&G Retail launches adviser handbook on later life divorce

L&G Retail launches adviser handbook on later life divorce

To help support advisers dealing with clients going through a divorce

Jenna Brown
clock 21 March 2024 • 1 min read
New occupational scheme launches; BSPS rescue proposals set out

New occupational scheme launches; BSPS rescue proposals set out

Former British Steel workers will be able to ‘reverse transfer’ their pots

Jonathan Stapleton
clock 14 March 2024 • 2 min read