Andrew Mitchell refuses to deny talks on becoming the UK's next EU Commissioner

Former chief whip says there's a "very important job" to be done and confirms that he has met with David Cameron.

Andrew Mitchell has just been interviewed on The Sunday Politics, where he notably refused to deny reports that David Cameron has offered him the chance become the UK's next EU Commissioner in 2014. Whilst quipping that he wasn't going to do his "career planning" live on air, the former chief whip all but confirmed that he had discussed taking up the £250,000-a-year post with Cameron.

"I do see the Prime Minister from time to time but as I say, I'm not going to conduct my career planning today".

He added: "There's a very important job to be done in Europe to make sure that Europe changes in the interests of everyone in Europe but also in the interests of Britain, I don't deny that. But as I say, my central interest at the moment is to support my party in any way I can and to look after my constituents in Sutton Coldfield."

The offer was reportedly made by Cameron at a Chequers lunch for Mitchell last Sunday, a signal of the former chief whip's political rehabilitation. There is a strong feeling among Conservative MPs that Mitchell deserves to be compensated for his enforced resignation over "plebgate" after video evidence appeared to confirm his version of events. Initially it was assumed that this would take the form of a return to the cabinet but Mitchell is now viewed as the ideal candidate to replace Baroness Ashton as the UK's EU Commissioner when she finishes her term as EU foreign policy chief next year. One source tells the Mail on Sunday: "The PM believes Andrew is ideal for the job. He won considerable respect worldwide for his negotiating skills as Secretary of State for International Development, he knows about finance through his banking background, and his record in the Whips Office shows he is not scared to bash heads to get a result."

In an overt display of his interest in the position, Mitchell recently penned an article for the FT ("Europe needs Cameron's tough love"), supporting Cameron's proposed renegotiation of Britain's EU membership and floating proposals including a joint sitting of the UK and Polish parliaments and a joint UK-Dutch cabinet meeting.

Were Mitchell to take up the post, he would be required to resign as an MP, triggering a by-election in his Sutton Coldfield constituency. The Tories currently have a majority of 17,005 (33.6) per cent in the constituency, making it one of the safest Conservative seats in the country. But as Mike Smithson suggests, UKIP, which has a good chance of winning that year's EU elections, will hope to mount a strong challenge if the seat does indeed fall vacant.

Andrew Mitchell, the former government chief whip, leaves his home on January 21, 2013 in London. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Stability is essential to solve the pension problem

The new chancellor must ensure we have a period of stability for pension policymaking in order for everyone to acclimatise to a new era of personal responsibility in retirement, says 

There was a time when retirement seemed to take care of itself. It was normal to work, retire and then receive the state pension plus a company final salary pension, often a fairly generous figure, which also paid out to a spouse or partner on death.

That normality simply doesn’t exist for most people in 2016. There is much less certainty on what retirement looks like. The genesis of these experiences also starts much earlier. As final salary schemes fall out of favour, the UK is reaching a tipping point where savings in ‘defined contribution’ pension schemes become the most prevalent form of traditional retirement saving.

Saving for a ‘pension’ can mean a multitude of different things and the way your savings are organised can make a big difference to whether or not you are able to do what you planned in your later life – and also how your money is treated once you die.

George Osborne established a place for himself in the canon of personal savings policy through the introduction of ‘freedom and choice’ in pensions in 2015. This changed the rules dramatically, and gave pension income a level of public interest it had never seen before. Effectively the policymakers changed the rules, left the ring and took the ropes with them as we entered a new era of personal responsibility in retirement.

But what difference has that made? Have people changed their plans as a result, and what does 'normal' for retirement income look like now?

Old Mutual Wealth has just released. with YouGov, its third detailed survey of how people in the UK are planning their income needs in retirement. What is becoming clear is that 'normal' looks nothing like it did before. People have adjusted and are operating according to a new normal.

In the new normal, people are reliant on multiple sources of income in retirement, including actively using their home, as more people anticipate downsizing to provide some income. 24 per cent of future retirees have said they would consider releasing value from their home in one way or another.

In the new normal, working beyond your state pension age is no longer seen as drudgery. With increasing longevity, the appeal of keeping busy with work has grown. Almost one-third of future retirees are expecting work to provide some of their income in retirement, with just under half suggesting one of the reasons for doing so would be to maintain social interaction.

The new normal means less binary decision-making. Each choice an individual makes along the way becomes critical, and the answers themselves are less obvious. How do you best invest your savings? Where is the best place for a rainy day fund? How do you want to take income in the future and what happens to your assets when you die?

 An abundance of choices to provide answers to the above questions is good, but too much choice can paralyse decision-making. The new normal requires a plan earlier in life.

All the while, policymakers have continued to give people plenty of things to think about. In the past 12 months alone, the previous chancellor deliberated over whether – and how – to cut pension tax relief for higher earners. The ‘pensions-ISA’ system was mooted as the culmination of a project to hand savers complete control over their retirement savings, while also providing a welcome boost to Treasury coffers in the short term.

During her time as pensions minister, Baroness Altmann voiced her support for the current system of taxing pension income, rather than contributions, indicating a split between the DWP and HM Treasury on the matter. Baroness Altmann’s replacement at the DWP is Richard Harrington. It remains to be seen how much influence he will have and on what side of the camp he sits regarding taxing pensions.

Meanwhile, Philip Hammond has entered the Treasury while our new Prime Minister calls for greater unity. Following a tumultuous time for pensions, a change in tone towards greater unity and cross-department collaboration would be very welcome.

In order for everyone to acclimatise properly to the new normal, the new chancellor should commit to a return to a longer-term, strategic approach to pensions policymaking, enabling all parties, from regulators and providers to customers, to make decisions with confidence that the landscape will not continue to shift as fundamentally as it has in recent times.

Steven Levin is CEO of investment platforms at Old Mutual Wealth.

To view all of Old Mutual Wealth’s retirement reports, visit: products-and-investments/ pensions/pensions2015/