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DWP private pensions director Sarah Healey exits

Healey to leave DWP “shortly” to become director general at the Department for Culture, Media and Sport.

Sarah Healey, the woman charged with leading private pension policy at the Department for Work and Pensions, is set to leave the department after just nine months.

Healey was appointed as director of private pensions in February. She replaced Caroline Rookes, who announced she was leaving the DWP to become chief executive at the Money Advice Service in November last year.

Healey, who previously spent eight years at the Department for Education, is currently responsible for overseeing the DWP’s private pension policy agenda.

A DWP spokeswoman says: “Sarah Healey has been appointed as director general at the Department for Culture, Media and Sport and will be leaving DWP shortly.

“Bridget Micklem, currently deputy director, private pensions policy and analysis, will act as the interim director for private pensions.”

Healey’s departure comes as the DWP considers industry responses to a proposed charge cap for auto-enrolment default funds.

The DWP is consulting on a cap of 1 per cent, 0.75 per cent or a two-tier “comply or explain” cap. The consultation closed on 28 November.

Hargreaves Lansdown head of pensions research Tom McPhail says: “Sarah is a very capable individual and given the significant reform agenda in private pensions the timing of her departure is extremely unfortunate for the DWP.”

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