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Frank Field to chair Work and Pensions committee


Long-serving Labour MP Frank Field has been elected to chair the House of Commons’ work and pensions committee.

Field, who has been in Parliament since 1979, defeated fellow Labour MPs Teresa Pearce and Kate Green in a poll of all parliamentarians.

Field has been a long-time campaigner on poverty issues, and served as David Cameron’s poverty tsar during the last Parliament.

During the last Parliament, he raised concerns on pension savers being ripped off due to a lack of advice being provided in the aftermath of the new freedoms.

The committee was chaired by Dame Anne Begg during the last Parliament, although Begg announced her intention to seek re-election for the role before later losing her Aberdeen South seat to the SNP.

At the same time, Meg Hillier has been elected to lead the Public Accounts Committee, replacing Labour’s Margaret Hodge.

Conservative MP Andrew Tyrie was re-elected to chair the Treasury Committee after no MPs came forward to challenge his incumbency.



Dame Anne Begg to step down as pensions committee chair

Labour MP Dame Anne Begg will not seek to retain her position as chair of the Work and Pensions select committee if re-elected this summer. Begg has led the committee since 2010, and sat as a member of the group since 2001, when it split off from the social security committee. The news comes just […]


Former Treasury minister attacks Labour over pensions policy

Former Treasury minister Liam Byrne has admitted Labour failed to provide a compelling offering to retirees in the build up to the general election. Byrne, who authored an infamous note informing his successor Danny Alexander that “there is no money” upon leaving government in 2010, said the Conservatives gained more than two million more votes […]


McClymont attacks ‘complex’ Labour pensions tax relief reforms

Former Labour shadow pensions minister Gregg McClymont has criticised the party’s plans to cut tax relief for higher earners, branding the reforms “complicated” and warning they could disenfranchise bosses. Labour’s proposed reforms to pensions tax relief, first set out in 2009, would see relief tapered from 45p to 20p for those earning above £150,000. The […]

Neptune launches Japan Institutional Fund

By Chris Taylor, Investment Director, Head of Research Neptune is excited to announce the launch of the Japan Institutional Fund on 22 June, having disclosed to the market in March its intention to offer the product. The Fund will be managed by the highly-regarded Chris Taylor, Head of Research and manager of the long-running Japan Opportunities Fund. It will invest in the same underlying stocks as the Japan […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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