Pensioners are being targeted by fraudsters
Increasing numbers of pensioners suffer identity theft – such fraud is growing and older people seem more vulnerable ( link to pdf )
FCA should ban firms from using leads generated by cold-calling
Money Marketing carries Ros comments calling for FCA to ban pension firms using leads generated by cold-calling. ( link to pdf )
Britain’s pensions black hole stands at nearly £190bn as two in three schemes are in the red
Occupational Pension deficits are £190billion as pressure mounts on firms to increase funding for DB schemes ( link to pdf )
Britain’s over-85s set to TREBLE as OAP numbers EXPLODE – ‘Who should pay for this?’
Number of over-85s in Britain will triple in coming years – huge challenge for care funding ( link to pdf )
Consumers have case for court showdown with Ombudsman
Consumers need to rebuild confidence in the Financial Ombudsman Service. Ros suggests is may make sense to re-open random sample of cases. ( link to pdf )
Would house price crash be a blow for equity release
Scare stories about equity release may be rather overdone – Ros is quoted by the Daily Express on her views about equity release loans and house price crash ( link to pdf )
UK savers casualties of Brexit process
Ros highlights in Actuarial Post magazine that dealing with Brexit has pushed many urgent pension and later life policy reforms onto the back burner – including pensions dashboard and social care funding. ( link to pdf )
Politicians issue fresh call for secondary annuities market
MPs have backed calls for a secondary annuities market to be permitted, as previously called for by Ros reports IPE. ( link to pdf )
Call to introduce lower annual pension limit and flat rate of tax relief
Yourmoney.com reports on recommendations from Treasury Select Committee that tax relief should be converted to flat rate bonus and Lifetime Allowance should be scrapped in favour of annual limits only. ( link to pdf )
Abolish Lifetime ISA, MPs demand
Website YourMoney.com reports on the Treasury Select Committee’s recommendation to abolish Lifetime ISAs, which are endorsed by Ros. ( link to pdf )