The House of Commons has confirmed that the Work and Pensions Committee (WPC) will be chaired by a Labour member of parliament (MP).
Select committee chairmanships are allocated to political parties in proportion to their overall strength in the House of Commons, with MPs then deciding which parties take the head of which committees.
In the order paper for the House of Commons, published yesterday (13 January), it was announced that the WPC will be retained by a Labour MP.
An election will take place within the next fortnight to decide who takes the helm, with the wider membership appointed at a later date. Each candidate will need the support of at least 15 Labour MPs to gain a place on the ballot.
The WPC will see its first new chair since 2015, when Frank Field was elected. Field retained the position until 2019 when, after resigning from the Labour party, lost his Birkenhead seat in the general election while standing as a Birkenhead Social Justice candidate.
Sir Steve Webb will join Lane Clark and Peacock (LCP) as a partner, leaving Royal London where he is currently director of policy.
Financial Conduct Authority (FCA) chief executive Andrew Bailey has been confirmed as the next Governor of the Bank of England (BoE).
The Pensions Regulator’s head of master trust authorisation Kim Brown has left the watchdog to join Legal & General Investment Management and run the L&G Mastertrust and its IGC.
Phoenix Group chief executive Clive Bannister is to leave the business and be replaced by ex-Aviva boss Andy Briggs next March.