McClymont joins the provider, which runs The People’s Pension, from Aberdeen Standard Investments where he has been head of retirement for three years. He was formerly an MP, an Opposition Whip and then shadow minister of state for pensions from 2011 – 2015. He was also an adviser to the Secretary of State for Health, between 2003 and 2005. His first career was as an Oxford academic.
McClymont is co-editor of two books on the design of pensions systems around the world. He was a member of the FCA’s Institutional Disclosure Working Group (IDWG) and was on the board of directors of the Tax Incentivised Savings Association (TISA). He is a visiting Fellow at Nuffield College, Oxford. He will join B&CE at the end of July.
B&CE CEO Patrick Heath-Lay says: “Gregg’s commitment to delivering better retirement savings outcomes for working people is well-recognised throughout the industry and in Parliament. He has been a tireless supporter of automatic enrolment and a vocal campaigner for improved pensions options for UK workers. As a not-for-profit organisation, this aligns with B&CE’s aims and values and we are thrilled to be able to benefit from his extensive policy experience and industry expertise.”
McClymont says: “This is an exciting time to be joining B&CE. With nearly 4 million members, The People’s Pension is growing rapidly and helping to shape how the retirement savings industry can better address the needs of workers up and down the country. Large not-for-profit pension funds are the most efficient way to deliver occupational pensions at scale. I am also looking forward to supporting the organisation as it develops an occupational health solution that will improve the lives of workers by treating health equally to safety, catching symptoms of ill health in the workplace early and helping them to stay in work longer.”
