Revolving door at DWP is adding to pension crisis

Of the 300 IFAs who took part in Sesame’s survey, 76% either agreed or strongly agreed if the high turnover of DWP ministers continued it would exacerbate the problems of the long-term savings gap. Sesame says the study highlights the fact the advice market wants consistency at the DWP in order to help improve the long-term savings situation, as there have been five Secretaries of State for Work and Pensions since 2000, and the feeling is this ‘revolving door’ of appointments creates the wrong impression among the public. In addition, the survey claims advisers believe the lack of a coh...