Former Pensions Minister Baroness Ros Altmann says that the Pension Freedoms are not working properly as millions have no independent guidance or advice.

Guy Opperman MP, who was appointed Parliamentary Under Secretary for Pensions and Financial Inclusion six months ago, has survived the latest parliamentary reshuffle.

Former pensions minister Baroness Ros Altmann says a PLSA call for smaller DB pension schemes to be merged into ‘superfunds’ to cut costs and improve returns is a “win-win” for employers and the schemes.

Sir Steve Webb, the former pensions ministers, has warned that Labour Party plans for reduced state pensions at 64 “face serious practical obstacles.”