April 1 (Bloomberg) — The U.K. Treasury has limited the range of views at the Bank of England by appointing people with similar views to its own, according to Ros Altmann, who lost out in a bid to join the Monetary Policy Committee in 2012.

A former director-general of Saga Group, which represents pensioners, Altmann is a long-time critic of the BOE's loose policy and lobbied for officials to consider the impact on savers of its record-low interest rate. In 2012, she applied and was shortlisted for the post of external MPC member, a role that ultimately went to Ian McCafferty.

"I did make it clear at the interview that if they were looking for somebody who speaks the same as them and is from the same background, that isn't me," Altmann said in an interview in London. While the Treasury didn't give her feedback on why she didn't get the job, "I took the inference that's who they were looking for," she said. "I'm not saying at all that I was the best person for the role."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.