It looks like Aegon UK chief executive Adrian Grace is keen to move on.
In a statement sent to Insurance Business, the CEO pointed to the need for a fresh focus now that the UK has a new Prime Minister in the form of Boris Johnson. A particular matter he wants addressed is pensions.
“Looking at the broader trends shaping our industry the priorities of politicians are arguably a bigger influence than any time in recent memory,” asserted Grace. “Whatever your views on the pros and cons of Brexit, one thing we can say with certainty is that it has already absorbed a huge amount of Government time and focus leaving little time to address other pressing concerns.
“We are pleased that the new Prime Minister has acknowledged this and we hope he and his team will now make up lost time in areas such as social care funding and pensions.”
The UK boss also shared insights on what must be brought to the table.
“For pensions,” Grace said, “we need to push ahead with pension dashboards and the Government needs to solve the technical problems that stop non-taxpayers getting the tax relief top-up they deserve and reform other elements of the pensions tax system which make higher earners fearful that if they save ‘too much’ they’ll be penalised.”
