Pensions Minister

Guy Opperman has retained his post as pensions and financial inclusion minister, the Department for Work and Pensions (DWP) has confirmed.

Caroline Rookes has been appointed interim chairwoman of The Pensions Ombudsman (TPO), as the organisation seeks to boost its governance.

Membership of occupational pension scheme membership has risen to a record high of 45.6 million people as of the end of last year, according to the Office for National Statistics (ONS).

Guy Opperman has admitted incorrect state pension forecasts have been issued for a third of a million people since 2016 with defined benefit (DB) members with "complex" work histories facing a "significant problem".

Pension schemes and their investment managers must take their environmental and social responsibilities seriously and use funds to tackle climate change, Guy Opperman has said.

Guy Opperman is the second-longest serving dedicated junior pensions minister, overtaking Labour's Malcolm Wicks.

As the number of workers in AE reaches 10 million, the pensions minister says it's time to take stock of this successful policy

The pensions minister says the new guidance body will help younger generations become the savvy savers of tomorrow.

Low earners in net-pay schemes will lose out on more pensions tax relief as the gap between auto-enrolment (AE) qualifying earnings and the personal tax allowance widens.

The chairman of the Work and Pensions Committee Frank Field has written a letter to the pensions minister urging him to commit now to legislation for the pensions dashboard.