Pensions - Articles - David Gauke goes as Secretary of State for Work and Pensions


Steve Webb, Director of Policy at Royal London comments on the departure of David Gauke as Secretary of State for Work and Pensions.

 ‘It is deeply disappointing that David Gauke has been moved from his role in charge of UK pensions policy. Pensioners and workers saving for their retirement need someone in charge at the DWP who understands pensions and who has a good relationship with the Treasury. David Gauke ticked both of those boxes and it is very regrettable that he was given just seven months in the role. Once again we have a revolving door of pensions ministers which will deprive us of the stability which such a long-term area requires’.

 Commenting on the inclusion of ‘social care’ in the title of the Department of Health, Steve Webb added: ‘Including social care in the name of the Department for Health is a welcome, if belated, recognition of the vital importance of this policy area. Just two years ago the last government downgraded the status of the care services minister, so this is a welcome u-turn. But the health secretary already has his hands more than full dealing with immediate and long-term NHS pressures. It is therefore vitally important that a senior minister is appointed within the Department who is able to focus specifically on social care and who can help the government move beyond green papers and consultations to real action’.

Back to Index


Similar News to this Story

DC Pension Tracker Q3 2025
The Aon UK DC Pension Tracker fell over the quarter, with the younger savers seeing decreases in their expected outcomes, while the older members’ exp
Employers must take lead in retirement adequacy crisis
Employers will end up taking most of the responsibility for helping to solve the retirement adequacy problem if we are to see real and impactful chang
Two thirds of Administrators involved in pension strategy
With forthcoming legislation, from Inheritance Tax on unused pension pots to the 2025 Pension Schemes Bill set to have considerable implications for p

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.