Ros Altmann

This week in pensions speculation was rife over tax relief reforms, the chancellor announced a cap on exit fees, and DB was set to vanish from the FTSE 250 within a year.

Amid concern that the cap on exit fees only applies to contract-based schemes, the minister has confirmed that a separate cap will be imposed on trust-based schemes.

Pensions minister Ros Altmann will be quizzed by the Work and Pensions Select Committee today as part of an ongoing inquiry into the new state pension.

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People drawing retirement income from annuities will be able to sell their contracts from 6 April 2017, the government has confirmed.

Professional Pensions asks industry figures - including Baroness Altmann and her predecessor Steve Webb - for predictions on the key challenges we are likely to face next year.

Baroness Altmann has said the government is handing the pension industry "millions of customers on a plate" through auto-enrolment, but warned it was not about to raise minimum contribution rates.

Problems persist with state pension tweaks

Baroness Altmann said that there was "so much misconception" around the flat-rate state pension, and admitted the changes were "mis-sold".