Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

DWP universal credit architect Lord Freud resigns

by John Greenwood
December 2, 2016
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

Minister for welfare reform Lord Freud, who has been instrumental in the design and implementation of Universal Credit, will be retiring from his ministerial position at the Department for Work and Pensions at the end of December.

Having overseen the inception, development, and introduction of Universal Credit, Lord Freud is described by the DWP as ‘the architect of welfare reform’.

Lord Freud has been at the DWP since 2010, making him the government’s longest serving Minister in the same role.

Before becoming a minister, David Freud had a career as a journalist, writing for the Financial Times. He then worked in the City for 20 years, becoming vice-chairman of investment banking at UBS. He was CEO of the Portland Trust foundation for 3 years.

He was appointed shadow Minister for Welfare Reform in February 2009, having previously advised the Labour government on how to reform the welfare system. In 2010, he was appointed Parliamentary Under Secretary of State for Welfare Reform at the Department for Work and Pensions, and was reappointed as Minister of State for Welfare Reform in May 2015.

The appointment of a successor DWP Minister in the House of Lords is yet to be announced.

Lord Freud says: “At the heart of our reforms is desire to give people independence to improve their lives. For too long, people have been trapped by a byzantine benefits system, leaving them powerless. This has always been my driving force – to give people back control over their own lives; to give support in times of need, but also to give a clear route out of the benefits system and into independence.

“That’s what Universal Credit does, and I’m incredibly proud of what we have achieved. It’s a testament to the support I’ve received both from my ministerial colleagues and civil servants in the DWP that we are now well on the way to achieving our goal of a truly modern, responsive welfare system which is already transforming lives.

“As I retire from my ministerial position, I leave with full confidence in the future of Universal Credit.”

Work and pensions secretary Damian Green says: “Everyone comes into government to make a difference, but David’s contribution to transforming the welfare system has been outstanding. As the architect of Universal Credit, he combines vision with an impressive attention to detail. Moreover, he cares greatly about improving the lives of some of the poorest people in our country.

 

 

VIDEO

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Ros Altmann: Link tax relief to higher allocations to UK investments

  • Barnett Waddingham connects first client to dashboard

  • Govt set to delay announcement of ‘Mansion House Accord’

  • TPT first provider to confirm CDC plans

  • Aviva appoints Noon as Master Trust chair

  • 1.6m more people facing poverty in retirement: Scottish Widows

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.