Paul Maynard, MP for Blackpool North and Cleveleys, has been named as the new pensions minister.
Maynard, who has been an MP since 6 May 2010, was named parliamentary under-secretary of state at the Department of Work and Pensions (DWP).
From July 2019 to February 2020, he served as the Department of Transport’s Parliamentary Under Secretary of State. From May to July 2019, he served as the Ministry of Justice’s Parliamentary Under Secretary of State.
Formerly, he served as the Lord Commissioner of HM Treasury or Government Whip. From July 2016 to January 2018, Maynard served as the Department of Transport’s Parliamentary Under Secretary of State.
PMI President Robert Wakefield says: “We congratulate Mr Maynard on his new role and wish him every success. We also wish to congratulate Laura Trott on her appointment to her new role.
“Mr Maynard comes to the role at a crucial time. The absence of a Pensions Bill in the King’s Speech has left a range of issues unresolved, and we would welcome an opportunity for an early meeting with Mr Maynard to discuss the direction of pensions policy over the rest of this Parliament. We are sure Mr Maynard will rise to the exciting challenge of his new position and confirm that we would be delighted to offer our support to him.”
Dalriada Trustees head of technical John Wilson says: “We wish Laura Trott all the very best in her new role at the Treasury and hope that Paul Maynard is ready to hit the ground running as the new Pensions Minister. He will find his inbox very full – General Code; Funding Regulations; Dashboards; and, of course, the Mansion House reforms, where he may find that he will be working closely with his predecessor.
“We hope that the reshuffle will not mean further delays for these important initiatives, many of which fundamental to effective governance of workplace pensions and more engagement and ultimately better outcomes for members”.
SPP president Steve Hitchiner says: “We congratulate Paul on his appointment as Pensions Minster. He inherits a very busy inbox, with several unfinished areas of regulation as well as an ambitious policy agenda following on from the Mansion House proposals. We look forward to working with him in support of positive developments for the UK pensions industry.”
