Ros Altmann

Former director general of over-50s specialist Saga Group Ros Altmann has succeeded Steve Webb as the next pensions minister.

Former director general of over-50s specialist Saga Group Ros Altmann has succeeded Steve Webb as the next pensions minister.

After a disastrous night for Labour and the Liberal Democrats, we are several steps closer to knowing the identity of the next pensions minister.

Ros Altmann has pledged to force pension providers to publish the cost of charges in "pounds and pence" to improve transparency for consumers.

Ros Altmann is to be nominated as a Conservative peer and will be made a minister with responsibility for consumer protection if the party wins next month's general election.

DB members get far more pension for their tax than DC members

Controversial proposals to allow existing pensioners to sell their annuities for cash - and insurers to compete for the contracts - are to be discussed by ministers this week ahead of the 18 March Budget, according to reports.

There are still too many people in financial services who think they can "keep their customers where they want them" by quietly carrying on with old-style practices, Pensions minister Steve Webb has said.

The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.

The Department for Work and Pensions (DWP) is creating a nationwide network of older workers' champions as part of a dedicated older workers' scheme.