Royal London today announces the appointment of Steve Webb
12 August 2015
Royal London today announces the appointment of former Pensions Minister, Steve Webb, as Director of Policy and External Communications.
In this newly created role, Webb will be responsible for working with the business to develop policy on a broad range of issues from long-term savings and protection to financial capability. He will oversee the Public Relations and Public Affairs activity for Royal London and act as a key spokesperson for the Group. Parliamentary rules prevent Webb from any direct lobbying activity for the first two years of his appointment.
Phil Loney, Chief Executive, of Royal London said:
“I am delighted to welcome Steve to Royal London. Having debated public policy issues with Steve during his tenure as Pensions Minister I know that he shares Royal London's values and is a supporter of our customer-owned business model. His strong background in public policy and experience in government will be invaluable to Royal London as a thought leader on a wide range of financial issues affecting today's consumer, during a period when building a savings culture is near the top of the public policy agenda. As a mutual we are committed both to helping and enabling individuals to enjoy a secure working life and a comfortable retirement with adequate levels of protection and long-term savings.”
Steve Webb said:
“It is exciting to be taking up a key role with the UK’s leading mutual life, pensions and investment company, especially at a time of such dramatic change in the world of pensions. Having been involved in designing policy in areas such as automatic enrolment I am looking forward to seeing how it is implemented on the front line. As someone who has always wanted a better deal for pension savers, the customer-focused ethos of Royal London is a perfect fit with my priorities and I am greatly looking forward to this opportunity.”
Webb takes up his position on 9 November.
Notes to Editor:
- The appointment has been approved by the Advisory Committee on Business Appointments.
- Steve Webb was a Member of Parliament from 1997 to 2015, first for Northavon (1997-2010) and then for Thornbury & Yate (2010-2105). He was the longest-serving Minister of State for Pensions, serving from 2010 -2015. Prior to being elected to Parliament Steve was Professor of Social Policy at Bath University, having previously worked for nine years as a micro-economist at the Institute for Fiscal Studies.
For further information please contact:
0207 015 2525
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £86.3 billion. Group businesses serve around 5.3 million policy holders and employ 2,859 people. (Figures quoted are as at 31 March 2015).
The Group is currently moving all of its UK businesses under a new version of the Royal London brand. The Group's independent wrap platform will remain branded Ascentric.