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Hutton new Work and Pensions Secretary

John Hutton has been confirmed as the new Secretary of State for Work and Pensions, taking over from David Blunkett who resigned this morning.
Hutton joined the Cabinet in May as Cabinet Office minister and was previously junior Health minister.
He is seen as a Blairite who will look to push forward the Prime Ministers third term reforms in incapacity benefit and pensions.
Hutton is the forth person to take on the role in little over a year, after Andrew Smith resigned in September 2004 and Alan Johnson was moved to the DTI in the post-election reshuffle.
Winterthur Life pensions strategy manager Mike Morrison says: “After so many changes we now desperate for some consistency. We need to get Turner out in the open and I hope this new blood will lead to genuine action on the reform of pensions.”
Hutton says: “The Prime Minister has made clear that my job is to press ahead with the government’s radical welfare reform agenda so that rights are properly matched with responsibilities. I am very much looking forward to that challenge.
“We will reform incapacity benefit so it continues to support those who genuinely cannot work but can better help and support those who are able to return to work. And we will address the challenge of creating a pension system that allows people to enjoy a secure retirement in a country where there will soon be more people over the age of 80 than under the age of five.”


Pru adds 20 funds to bond choice

Prudential has added 20 unit-linked funds to its existing International Prudence Bond range bringing the total number of funds available up to 45. Hamptons’ introducer deal with Towry LawHamptons International Mortgages has finally signed a deal with Towry Law foran exclusive two-year introducer agreement. Hamptons will be taking on the Towry Law mortgage services staff […]

Will your IHT away

The Government may be clamping down on traditional planning but there are other ways to reduce IHT

2CG explore Euro income

2CG, a company founded in 2000 by former M&G head of continental Europe Charles Glasse and former Credit Suisse manager Christopher Garsten, has introduced the Zenith European income fund.

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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