Pensions - Articles - New Pensions Minister faces major challenges

 “Ros Altmann deserves considerable credit for standing up for workplace pensions and challenging the Treasury over its desire to scrap pension tax relief and move to a pensions ISA.

 “The new minister takes over at a time when there is much to be done in the world of pensions. Millions of workers are yet to be automatically enrolled and millions more are not saving enough for their retirement. The 2017 automatic enrolment review must tackle these issues, as well as the pensions crisis affecting the self-employed.

 We need an end to tax relief being seen as an annual 'piggy bank' to be raided by cash-strapped Chancellors. And we need a coherent policy between Treasury and DWP, not least when it comes to pensions and ISAs. Let us hope that the new ministerial team will have a long tenure and that we will not see a return to the revolving ministerial door that we have seen in the past.”