Gordon Brown will quit as Labour Party leader before the party conference in September.
Gordon Brown said he accepted Liberal Democrats leader Nick Clegg will talk to the Tories about forming a Government before the Labour party.
The Liberal Democrats could use a coalition government with the Labour Party to force through "penal" tax policies, a lawyer fears.
Much has been made of the revolving door at the department for work and pension over the past 13 years with its steady stream of secretaries of state and pension ministers.
There were mixed fortunes for the pensions spokespeople of the three main political parties at last night's general election.
The main parties may find it hard to agree on pensions policies including NEST, tax relief, early access to pensions savings and deregulation of DB schemes.
With the date of the election finally announced, Laura Blows summarises the pension policies of the three main political parties
Labour and Liberal Democrat proposals to restrict tax relief on pension contributions have been branded "unfair" by the Institute for Fiscal Studies.
Gordon Brown has sparked confusion over Labour policy on high earners pensions after he reiterated plans to remove tax relief for those earning more than £100,000.
Gordon Brown's suggestion the Labour Party would extend its policy to restrict pensions tax relief to include people earning more than £100,000 was a "slip of the tongue", a Labour spokesman says.