New pensions minister, Ros Altmann, addressed the industry for the first time in a special video message at Workplace Pensions Live 2015.
“You are certainly all involved in one of the most important areas for pensions, both now and in the coming few years,” she told delegates at the conference, who were there to debate and discuss the future of the industry.
Pension fund trustees, scheme managers, lawyers, consultants and the asset management industry gathered in Edgbaston on the 13th and 14th May to hear from a line up of speakers, which included former pensions minister Steve Webb, former shadow pensions minister Gregg McClymont, the Rt Hon David Willetts and Rt Hon David Blunkett, and the economist Stephanie Flanders.
In an unexpected late addition to the line up Altmann, who’s appointment had been announced only days earlier, said: “I’m following in the footsteps of someone who is a very hard act to follow, and I know he’s there with you today. We’ve already automatically enrolled 5mn workers into workplace pensions. The really hard part is yet to come, of course, as we get more and more of the very, very small and micro employers into auto-enrolment.”
She hinted that communications, engagement and financial education will be a key priority for the new government, concluding: “I want to listen to what you have to say, I want to learn from all the successes that we’ve already had, and hopefully, we will be able to make the UK the country where workplace pensions are thriving to benefit the later life of millions more people.”