Ros Altmann is new pensions minister

clock

Ros Altmann has been named as the next pensions minister replacing Steve Webb.

Prime minister David Cameron confirmed the appointment on his Twitter account. Altmann is not an MP but the Conservatives said previously they would nominate her for a peerage if they won power at the general election, meaning she could become a Cabinet minister. Altmann describes herself as an "independent policy expert and older workers champion". But by training she is a City banker, who became an analyst, who then became an economist, working variously at Natwest, Rothschild Asset Management and Chase Manhattan Bank. She chairs the Lord Chancellor's Strategic Investment boar...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read
Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Administration expected to conclude in 2027

Isabel Baxter
clock 10 March 2026 • 3 min read