Pension freedoms architect joins BlackRock

Chancellor George Osborne’s former chief of staff Rupert Harrison has joined fund manager BlackRock.

Harrison, who is credited with driving the Chancellor’s revolutionary pension reforms, will take up the role of chief macro-strategist for funds investing in equities, bonds and cash.

He is likely to be paid around £150,000 excluding bonuses, the FT reports. He was paid £95,000 while working for the Government.

In addition to leading the reforms which led to the deregulation of the pensions industry, Harrison worked on selling taxpayers’ holdings in banks Northern Rock and Lloyds.

BlackRock says: “Given his experience shaping the recent pensions reforms in the UK, he is uniquely placed to help develop our retirement proposition.”