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

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

InvestAcc Group takes over £3.2bn book of business

Jenna Brown
clock 27 March 2025 • 1 min read
Spring Statement 25: 'As you were' following pensions exclusion

Spring Statement 25: 'As you were' following pensions exclusion

Pensions were notably lacking from today's Spring Statement

Holly Roach
clock 26 March 2025 • 4 min read
Majority of pension savers would use digital advice from providers

Majority of pension savers would use digital advice from providers

Some 73% of workplace pension savers want advice from providers

Jenna Brown
clock 24 March 2025 • 2 min read