View more on these topics

Kitty Ussher swaps Treasury for DWP

Economic secretary to the Treasury Kitty Ussher is moving to the DWP to become a parliamentary undersecretary.

The Cabinet reshuffle undertaken by Prime Minister Gordon Brown over the weekend will see Ian Pearson take up Ussher’s former position of economic secretary in the Treasury, while ex-Gartmore chief executive Paul Myners takes up the position of financial services secretary.

Myners will be leaving his position as chairman of the Personal Accounts Delivery Authority as a result of his new appointment.

Stephen Timms leaves his position as minister of state for employment and welfare reform at the DWP to become financial secretary to the Treasury.

Mike O’Brien is leaving his role as pensions minister to take up an energy brief and will be replaced by former transport minister Rosie Winterton.

Recommended

Central banks lower rates

The Bank of England is one of seven central banks to drop interest rates by 0.5 per cent as further attempts are made to stabilise the global economy.

Madness in the method

The latest Pensions Bill will become law during the autumn Parliamentary session. This makes it the fifth Pensions Act in 10 years. It follows the recommendations of the Pensions Commission in requiring employers to enrol their employees in a pension scheme. This can include a personal account.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com