Aberdeen Asset Management has hired Labour’s former shadow pensions minister Gregg McClymont as new head of retirement savings.
In his new role, McClymont will work on defined contribution pensions strategy, research and implementation, particularly focusing on retirement savings.
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McClymont worked as labour MP for Cumbernauld, Kilsyth and Kirkintilloch East from 2010 to 2015.
McClymont said: "This is a crucial moment for pensions and savings. The end of compulsory annuities poses a huge public policy challenge. Success depends on individuals having access to high quality, easy to understand, income and savings products at a fair price."
"I look forward to helping Aberdeen, with its reputation for effective stewardship, play its part in helping savers succeed in this new world of pensions flexibilities."
Aberdeen global head of distribution John Brett said: "His appointment is intended strengthen further our commitment to meeting the retirement needs of investors."
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