Pensions  

Laura Trott announced as pensions minister

Laura Trott announced as pensions minister
Laura Trott, pensions minister and Conservative MP for Sevenoaks

The Department of Work and Pensions has announced Laura Trott MP as the minister for pensions.

The announcement was made by DWP this afternoon on Twitter.

Trott will have responsibility for pensioner benefits including the state pension, private and occupational pensions, and oversight of arms-length bodies such as the Pensions Regulator.

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Her appointment follows the departure of Alex Burghart MP who was appointed to the role of minister for pensions and growth on October 12 by Liz Truss before she resigned as prime minister on October 20.

According to Burghart’s Twitter account he moved to the cabinet office at the end of October, where he is serving as a parliamentary secretary.

Trott takes up the role following a period of reshuffle in the department and the government more widely. 

Industry experts said Trott will need to get up to speed quickly.

Aegon head of pensions, Kate Smith said there will be many issues vying for her attention.

“Pension policy has been a hive of activity in recent years, and there’s still much unfinished business," she said. "The new pensions minister will bring fresh thinking and new ideas to an already busy ‘to do’ list."

“Top priorities for the new minister include getting pensions dashboards over the line, implementing the recommendations of the 2017 review of auto-enrolment and next steps to improve pensions adequacy, progressing with the proposed value of money framework, and working across government and regulators to better support pension savers with retirement decision making,” Smith added.

Trott will join former pensions minister, Guy Opperman in the DWP, who was reappointed as a minister of state at the end of October.

Opperman stepped down from the government in July amid a wave of resignations in protest at the conduct of then-prime minister Boris Johnson.

A day later he agreed to return to the role until a new minister could be selected and was then relieved of his duties in September by former prime minister Liz Truss.

Opperman was the longest serving pensions minister, holding the role for five years.

It was announced by the DWP today that Opperman will take up the role of minister of state for employment with responsibility for the labour market, and for DWP benefits including Universal Credit.

Laura Trott is the Conservative MP for Sevenoaks, and has been an MP since December 2019.

jane.matthews@ft.com