Ros Altmann is new pensions minister

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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...

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