Guy Opperman
Guy Opperman has been confirmed as Pension Minister following the recent reshuffle. This is a good thing for pensions. It should mean that he becomes the longest serving Pensions Minister this century and that his reform plans can be seen through. He has produced a thread of tweets setting out his current priorities. These are interesting both for what they say and what is omitted.
Reappointed as the #Pensions and #FinancialInclusion Minister @DWP 👍
Very pleased …
And a short pensions thread👇🏼1/— Guy Opperman (@GuyOpperman) September 19, 2021
I am v proud of what we have achieved so far to make pensions #saferbettergreener:
This govt has lifted autoenrolment workplace pensions to 8% savings pa, progressed pension dashboards, created a new collective defined contribution pension, sorted simpler statements and 3/
— Guy Opperman (@GuyOpperman) September 19, 2021
At the same time State Pension has never been higher⬆️
Up from £60+ billion, and £99 per person pre 2010 election, and now costing over £100 billion and giving between £137-£179 per person: pensions are going up over 3% next year, on top of last years 2.5% plus added benefits 5/— Guy Opperman (@GuyOpperman) September 19, 2021
We have done repeated visits to colleagues all across the UK 🇬🇧 to support the @dwp teams and that must continue, so we ensure Westminster understands the local picture on job creation, the power of pensions to impact climate change and service delivery on the ground 7/ pic.twitter.com/bIV8A5x2x4
— Guy Opperman (@GuyOpperman) September 19, 2021
We are the 1st country in the world 🌎 to put the Task Force on Climate Related Financial Disclosures (#TCFD) into law in 2021, which puts the consumer in charge.
And we are 1st country in the 🌎 assessing what the Social
impact of #ESG investing is 9/:https://t.co/lnjVwWthBb— Guy Opperman (@GuyOpperman) September 19, 2021
And the UK pension / asset managers in London / UK can take advantage because we are both first in market, and understand the new regulatory environment of ESG / TCFD more than any other country
This makes the UK 🇬🇧 a destination for investment and management of funds 👍11/
— Guy Opperman (@GuyOpperman) September 19, 2021
There is an exciting agenda ahead for greater #FinancialInclusion as we work with @MoneyPensionsUK, HMT/3rd sector to provide greater access to savings, loans, financial services and bring pensions into the 21st century with simpler statements, pensions dashboards and more 13/
— Guy Opperman (@GuyOpperman) September 19, 2021