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Why don&#39t we have a pensions minister?

Pension guru Stewart Ritchie has blasted the Government for showing a lack of concern for the pension crisis by failing to appoint a pensions minister.

Former pensions minister Ian McCartney was app-ointed chairman of the Labour Party in early April and is yet to be replaced.

Scottish Equitable pensions development director Ritchie says the Government&#39s failure to appoint a new minister in the midst of the biggest overhaul of pensions for a generation meant it could not expect the pension industry to implement the Green Paper by April 2004.

Ritchie said: “I find it amazing that we are in this situation of not having a pensions minister. It suggests that the Government does not think the problems are such that we need a minister.”

PIPS pension consultant Barry Dixon says: “It is extraordinary that the Government can&#39t be bothered to appoint a new minister. It shows they don&#39t think there is a pensions crisis.”

A Downing Street spokes-man says: “We do not comment on Cabinet reshuffles. The Prime Minster will decide in his own good time.”


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