Retirement

Meet The New Ministers Making Your Pension Decisions

Damien Green is the new name on the door of the Secretary of Work and Pensions following Theresa May’s wholesale government reshuffle on taking David Cameron’s place in 10 Downing Street.

He follows short-lived incumbent Stephen Crabb, who only settled into his chair in March but resigned over sexting revelations.

Crabb was also a leadership contestant for the Tories along with May.

Green is assisted by pension minister Penny Morduant.

Together they will have to make some difficult and important decisions over the future of the Qualifying Recognised Overseas Pension Scheme (QROPS) for expats and the state pension.

Damien Green, 60, is a well-regarded politician with a background as a TV and print business and financial journalist, working for the BBC, Business Daily on Channel 4 and The Times after graduating from Oxford.

Well-regarded politician

He has sat as an MP since winning his seat in Ashford, Kent, in the 1997 General Election.

Green was previously police minister in Cameron’s coalition government, but was sacked in April 2015 as the result of a reshuffle.

Married to a barrister, Green has two daughters.

Penny Morduant, 43, is a relative newcomer as an MP, winning her seat in the 2010 General Election for Portsmouth North.

She had backed May’s rival Angela Leadsom in the Tory leadership contest and is a strong Brexit supporter.

Prior to her appointment, she was the Armed forces minister for just two months after her appointment in May. She has also served as an under-secretary in the Communities and Local Government Department for 10 months until her switch to the Ministry of Defence.

QROPS and state pension concerns

Before entering Parliament, Morduant worked for private businesses and charities.

She lives with her partner.

Neither have yet issued any announcements about their program for pensions in the new government.

On the agenda are decisions about the future of the Qualifying Recognised Overseas Pension Scheme (QROPS) on Brexit and changes to the state pension as the government ponders whether the triple lock is too expensive to maintain after Brexit.

The triple lock guarantees annual state pension increases of the highest of 2.5%, a rise matching inflation or the increase in annual wages.

Further QROPS Information and Guidance

For more information about QROPS and the benefits it provides, download the iExpats QROPS Guide or complete the Get Advice form.

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