New career for former MP and pensions minister Steve Webb

August 31 2015

FORMER Thornbury and Yate MP Steve Webb, who lost his seat at the General Election earlier this year, has a new job.

FORMER Thornbury and Yate MP Steve Webb, who lost his seat at the General Election earlier this year, has a new job.
The longest serving pensions minister has been appointed director of policy and external communications at Royal London - a mutual life, pensions and investment company.
He is due to take up the newly created role in early November after the job was approved by the advisory committee on business appointments.
But parliamentary rules prevent him from any direct lobbying activity for the first two years of his appointment.
Mr Webb first became a Liberal Democrat MP in 1997, having previously been a professor of social policy at Bath University, and became a minister in the coalition government.
Having been involved in designing policy in pensions areas such as automatic enrolment, he said: “I am looking forward to seeing how it is implemented on the front line.”
Phil Loney, Royal London’s chief executive, said: “I am delighted to welcome Steve to Royal London. His strong background in public policy and experience in government will be invaluable.”
The appointment comes despite a policy regarding lower charges on workplace pensions attracting criticism from Royal London, which described it as “headline grabbing”.