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Ministerial role

Pensions Minister

Organisations: HM Treasury and Department for Work and Pensions
Current role holder: Torsten Bell MP

Responsibilities

  • Private Pensions  

  • State Pension  

  • Pensioner Benefits  

  • Social Fund  

  • ALBs: Money and Pensions Service (MaPS), National Employment Savings Trust (NEST), The Pensions Ombudsman (TPO), Pensions Protection Fund (PPF), The Pensions Regulator (TPR)  

HM Treasury (HMT):  

  • Supporting the Chancellor on economic and monetary policy, including debt and reserves management policy, National Savings and Investment (NS&I), the Office for Budget Responsibility (OBR) and Debt Management Office (DMO)  

  • Labour market, skills and welfare reform (working with CST on spending decisions)  

  • Pension tax policy and public sector pensions

Current role holder

Torsten Bell MP

Torsten Bell was appointed jointly Parliamentary Secretary in HM Treasury and Parliamentary Under-Secretary of State in the Department for Work and Pensions on 14 January 2025.

He was elected as the MP for Swansea West in July 2024.

More about this person

Previous holders of this role

  1. The Rt Hon Emma Reynolds MP

    2024 to 2025