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Former MP gets key role

Ex-shadow pensions minister joins Aberdeen Asset Management

Greg McClymontFormer Labour shadow pensions minister Gregg McClymont has joined Aberdeen Asset Management as head of retirement savings.

Mr McClymont, who lost his Cumbernauld, Kilsyth and Kirkintilloch East seat in the rout of Labour in May’s General Election, will take on the role with immediate effect.

He will be responsible for Aberdeen’s defined contribution pensions strategy, research and implementation with a focus on the 2014 Budget pension freedoms.

“I am delighted to be joining Aberdeen at such a crucial time for the UK pensions market,” he said.

“The ending of compulsory annuitisation means it is critical to ensure there are good quality retirement products available to consumers at reasonable prices.”

Mr McClymont gained a PhD in history at Oxford University and taught the subject at St Hugh’s College Oxford where he was a Fellow until elected to his constituency, serving for one term. He was appointed to the shadow cabinet in 2011.

 

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