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...
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