Commenting on the news that Therese Coffey is replacing Amber Rudd as secretary of state for work and pensions, Helen Morrissey, pension specialist at Royal London, said:
“This news shows the revolving door at the DWP continues to turn with yet another new secretary of state being appointed. There will be a lot of large projects in Therese Coffey’s in-tray, including the Pensions Dashboard and pension scams that are not progressing as quickly as they should. While she will need time to get to grips with her new brief we urge her to progress these as quickly as possible.”
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.