Former Labour shadow pensions minister Gregg McClymont has joined Aberdeen Asset Management as head of retirement savings.
McClymont, who shadowed former pensions minister Steve Webb during the last parliament, says he will take on the role with immediate effect.
He says: “I am delighted to be joining Aberdeen at such a crucial time for the UK pensions market. The ending of compulsory annuitisation means it is critical to ensure there are good quality retirement products available to consumers at reasonable prices.”
McClymont was Labour MP for Cumbernauld, Kilsyth and Kirkintilloch East between 2010 and 2015, and was appointed to the shadow cabinet in 2011.
However, he lost his seat in this year’s general election as Labour was routed by the Scottish National Party north of the border.
You can read last month’s Money Marketing profile interview with McClymont here.