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Baroness (Ros) Altmann is an award-winning expert on later life issues – particularly pensions and retirement policy, investment, savings, annuities and social care funding.
Altmann is an economist by training and worked in fund management in the City for many years. She has advised governments, regulators, industry bodies, corporates, finance firms, trustees and consumer groups and was Minister of State for Pensions from 2015-16. She was the UK Government’s Business Champion for Older Workers from 2014-15. She was elevated to the House of Lords in 2015 when she became Pensions Minister.
She started her career as an academic at University College London, London School of Economics and at Harvard University, researching and publishing on UK pension policy, occupational pensions and retirement. She then managed institutional investment portfolios for 15 years, including pension funds, insurance funds and mutual funds, as well as advising central banks and private client fund managers. She was Head of International Equities at Chase Manhattan’s International Investment Operation in London, and a Director at Rothschild Asset Management and at NatWest Investment Management.
Altmann then established herself as a consultant specialising in pensions, savings, retirement and investment-related issues both from a practical and policy perspective. She has more recently become involved in social care issues, working with government, charities, industry groups and official review bodies. She successfully spearheaded a multi-year campaign – totally unpaid – to achieve compensation for 150,000 workers who lost their final salary company pensions after being falsely assured by the Government that their pensions were completely safe, leading to the establishment of the Financial Assistance Scheme and the Pension Protection Fund.