Former Pensions Minister Baroness Ros Altmann has told Financial Planning Today she is “absolutely shocked” about claims of failings at the Financial Ombudsman Service.

MPs on the Commons Work and Pensions Committee have urged the Government to ban pension cold calls by June 2018 and to introduce compulsory consumer guidance before pension pots can be accessed.

The Government is to move ahead with a raft of new measures to ban pension cold calling after a growing campaign to do more to protect consumers.

A landmark Supreme Court ruling on pensions for same-sex partnerships could have wider implications, with consequences running into hundreds of millions of pounds, Ros Altmann believes.