Rudd stays as Work and Pensions Secretary in Johnson reshuffle, while Javid takes Chancellor

Amber Rudd has kept her role as the Work and Pensions Secretary in the new Prime Minister Boris Johnson’s cabinet reshuffle, in what has been described by some as a “bloodbath”.

Rudd, who was appointed by former Prime Minister Theresa May in November, was widely tipped to be removed from the cabinet, however, the news that she keeps her role may please many given the revolving door at the department.

She was reappointed following Boris Johnson’s Conservative Party leadership victory and subsequent appointment as Prime Minister yesterday (24 July).

Commenting, Association of British Insurers (ABI) director general, Huw Evans, said: “I’m pleased Amber Rudd has been re-appointed as Work and Pensions Secretary with lead ministerial responsibility for equalities.

“Our sector has proved itself to be a valuable partner to the Government in recent years, helping to ensure the on-going success of Automatic Enrolment, supporting the implementation of the pension flexibilities and working on practical ways to bring the pension system into the modern era.”

Rudd resigned from as Home Secretary in April after "misleading MPs" over the Windrush Scandal, spending two years in the role.

She was also Secretary of State for Energy and Climate Change between 2015-16.

As well as key pension policy areas, Rudd will take on the role of Minister for Women and Equalities.

Elsewhere in the cabinet, former Home Secretary David Javid was named Chancellor of the Exchequer after Philip Hammond resigned from the position following Johnson’s victory.

The MP for Bromsgrove will have a long to-do list, and many in the industry will be hoping he will fix tax issues including the net pay anomaly and the Lifetime Allowance and the Annual Allowance tapers which have plagued the industry in recent months.

Earlier this month, Johnson told a Tory leadership hustings hosted by The Telegraph yesterday (8 June), the Conservative leadership hopeful said that he has “repeatedly” tried to persuade Chancellor Philip Hammond to address the £1.1m Lifetime Allowance limit on pension savings which he described as “obviously wrong”.

Evans said: “During his time in Government, Sajid Javid has proved himself to be someone with a good grasp of the vital role our world-leading insurance and long-term savings industry plays in delivering economic stability and protection for businesses and individuals.”.

Rudd, who was appointed by former Prime Minister Theresa May in November, was widely tipped to be removed from the cabinet, however, the news that she keeps her role may please many given the revolving door at the department.

She was reappointed following Boris Johnson’s Conservative Party leadership victory and subsequent appointment as Prime Minister yesterday (24 July).

Commenting, Association of British Insurers (ABI) director general, Huw Evans, said: “I’m pleased Amber Rudd has been re-appointed as Work and Pensions Secretary with lead ministerial responsibility for equalities.

“Our sector has proved itself to be a valuable partner to the Government in recent years, helping to ensure the on-going success of Automatic Enrolment, supporting the implementation of the pension flexibilities and working on practical ways to bring the pension system into the modern era.”

Rudd resigned from as Home Secretary in April after "misleading MPs" over the Windrush Scandal, spending two years in the role.

She was also Secretary of State for Energy and Climate Change between 2015-16.

As well as key pension policy areas, Rudd will take on the role of Minister for Women and Equalities.

Elsewhere in the cabinet, former Home Secretary David Javid was named Chancellor of the Exchequer after Philip Hammond resigned from the position following Johnson’s victory.

The MP for Bromsgrove will have a long to-do list, and many in the industry will be hoping he will fix tax issues including the net pay anomaly and the Lifetime Allowance and the Annual Allowance tapers which have plagued the industry in recent months.

Earlier this month, Johnson told a Tory leadership hustings hosted by The Telegraph yesterday (8 June), the Conservative leadership hopeful said that he has “repeatedly” tried to persuade Chancellor Philip Hammond to address the £1.1m Lifetime Allowance limit on pension savings which he described as “obviously wrong”.

Evans said: “During his time in Government, Sajid Javid has proved himself to be someone with a good grasp of the vital role our world-leading insurance and long-term savings industry plays in delivering economic stability and protection for businesses and individuals.”

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