Ros Altmann is bad news for the 'business as usual brigade'
(Unelected) Ros Altmann takes centre stage as pensions minister
Ros Altmann has been named as the next pensions minister replacing Steve Webb.
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.
Consumers are at risk of buying retirement products they later regret because of confusing regulatory rules around commission, pensions expert Ros Altmann has said.
Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.
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.
DB transfer advice: Is it worth the reputational risk?
The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.
The government has launched an online hub within video sharing site YouTube in a bid to aid consumers' understanding of pensions.