Pensions minister Guy Opperman resigns

Longest-serving minister for pensions quits as row over prime minister’s conduct escalates

Jonathan Stapleton
clock • 1 min read
Pensions minister Guy Opperman resigns

The minister for pensions and financial inclusion Guy Opperman has resigned after 1,850 days in office.

Opperman - who began his role as pensions minister on 14 June 2017 and took over from Sir Steve Webb as the longest serving pensions minister on 11 June this year - said on Twitter that it "has been a honour, and a great responsibility to serve as a minister but we need leadership change, and I have resigned".

During his term as minister, Opperman has overseen significant progress on pensions dashboards, put in place the legal framework for collective defined contribution schemes, and has also been known for his work on climate change, with the UK becoming the first major economy to mandate Taskforce on Climate-related Financial Disclosure rules reporting for its pensions sector during his tenure.

Professional Pensions' Pensions Buzz pundits voted Opperman as the most influential figure in pensions earlier this year - the only figure to come in ahead of newly-resigned former chancellor Rishi Sunak.

Critics, however, have pointed towards Opperman's lack of progress on auto-enrolment, highlighting the failure to even begin the implementation of the 2017 review. Opperman has also received criticism over state pension errors, his stance on annual allowance and lifetime annual allowance rules, and his support for mass scheme consolidation in both the defined benefit and defined contribution sectors.

See more: Has Opperman made positive changes? What you said…

 

More on Industry

Majority of trustees eying in-specie transfers or secondary market sales at buyout

Majority of trustees eying in-specie transfers or secondary market sales at buyout

Standard Life says lack of preparation can cause delays, with cost of this becoming clear

Holly Roach
clock 09 April 2026 • 2 min read
News Digest: Investors sought to pull $20bn (£14.9bn) from private credit funds in first quarter

News Digest: Investors sought to pull $20bn (£14.9bn) from private credit funds in first quarter

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 09 April 2026 • 1 min read
Individuals taking pension lump sums early hits 116,000 as IHT fears bite

Individuals taking pension lump sums early hits 116,000 as IHT fears bite

Up from 110,000 the previous year

Isabel Baxter
clock 08 April 2026 • 3 min read
Trustpilot