15 November 2018

Treasury and Pensions Minister remain key shapers of pension policy after McVey resignation

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Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

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Commenting on today’s news that Secretary of State for Work and Pensions Esther McVey has resigned from government, Royal London Director of Policy, Steve Webb said:

Treasury and Pensions Minister remain key shapers of pension policy after McVey resignation

“Whoever succeeds Esther McVey at the Department for Work and Pensions (DWP) will have a lot to do as they continue work on Universal Credit and disability benefits. As a result, they will have little time to shape pensions policy. With this in mind the key people shaping pensions policy will remain Treasury and the DWP’s pension minister.”

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Helen Morrissey, Personal Finance Specialist

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.