Altmann quits Saga for independent role
Wednesday 13 February 2013
Ros Altmann has stepped down as director general of Saga, the group that offers advice and financial services to the over-fifties, after only two and a half years.
Although Ms Altmann's role was strategic rather than operational, her departure will be a blow as she is a leading advocate for pensioners' rights.
She wants to spend more time in London, rather than at Saga's base in Folkestone, and plans to return to being an independent adviser, a role she previously held for 17 years. "I care about people and policy and still will," she said.
Ms Altmann, 56, has warned of a "crisis" in pensions because of the decline of final-salary schemes and has criticised the Bank of England's quantitative easing programme, arguing that it contributes to inflation and hurts savers.
Saga faces its own challenges. Its parent company, Acromas, which also owns the Automobile Association, has £4bn of debt and its private equity shareholders, Charterhouse, Permira and CVC, are reportedly looking at a sale.
- 1 Humans of New York image of crying gay teen receives best response from Ellen DeGeneres
- 2 People all over the world are getting semicolon tattoos to draw attention to mental health
- 3 Greek debt crisis: Yanis Varoufakis's funniest (and most memorable) quotes
- 4 The biggest first date turnoff has been revealed
- 5 Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
Humans of New York image of crying gay teen receives best response from Ellen DeGeneres
Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
Man dies instantly after shooting firework from top of his head
Isis schoolgirl Amira Abase who fled London to join terrorists in Syria mocks victims of Tunisia massacre
Father faces deportation to Thailand after 27 years in Britain for two 'stupid crimes'
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
iJobs Money & Business
competitive: SThree: Are you passionate about sales?Do you have a keen interes...
£17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...