16 November 2023

Following a week of cabinet reshuffles, we can now confirm that there’s a new pensions minister. This will be Paul Maynard. He replaces Laura Trott, who has recently been moved to the position of chief secretary to the Treasury. It has also been confirmed that Nigel Huddleston will be financial secretary to the Treasury, replacing Victoria Atkins, who has now moved to the role of health and social care secretary.

We will see what the new pensions minister has in store for the industry, which will be particularly interesting as there’s been so much movement in that space recently. Could the new members of the Treasury also have an impact on chancellor of the Exchequer, Jeremy Hunt’s autumn statement, due to be delivered on 22 November?

We will be reporting live on the autumn statement, so ensure you keep an eye out for any updates to impact payroll, pensions and rewards professionals!


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