Ros Altmann will be a Tory peer if the Conservatives are elected to government.
The Prime Minister said she would sit “at the heart of government” as the minister with responsibility for financial consumer protection and financial education.
Dr Altmann, a pensions expert and campaigner, said: "Until now, my work has focused on policy, rather than politics, but I am excited to have the opportunity to be more directly involved. For too many years, consumer rights have played second fiddle to the interests of large financial firms, but the new pension freedoms show that the Conservatives have put the interests of British savers first and that is a real game-changer.
“I passionately believe the new pension reforms, trusting people with their own money, are an essential step to helping everyone make the most of their hard-earned savings.”
