Money Marketing highlights Ros welcoming the Government’s consultation on the treatment of low earners in Net Pay pension schemes and the urgency of addressing the problem that affects more than a million women. ( link to pdf )
ThisIsMoney has highlighted the problem faced by many women who were underpaid their State Pension for years but are not always receiving compensation. Ros is quoted explaining that these women are often the poorest pensioners and need every penny. ( link to pdf )
The Scotsman newspaper highlights the problem of pension scams, quoting Ros’ concerns about the coronavirus lockdown leaving more people at risk. ( link to pdf )
The North West Evening Mail gives tips on how to avoid scams during the coronavirus lockdown. (Subscription needed to view.)
Professional Pensions magazine highlights the news that the Plumbing Pension Scheme has applied to the Scottish Courts to be permitted to use scheme assets to defend any challenges to its handling of the scheme assets and failures to collect past Section 75 debts from departing employers, despite statutory obligations to do so. ( link to pdf )
Professional Adviser magazine outlines the plans for a new All Party Parliamentary Group on Pension Scams, aimed at helping to combat the growing scam scourge. ( link to pdf )
Ros welcomes the Spring Budget announcement that there will be a review into the Net Pay scandal and Pensions Age reports on this. ( link to pdf )
Professional Pensions carries Ros’ views that consumers need independent guidance or advice, rather than being signposted to pension provider helplines. The ABI has called for greater help for consumers, which is right, but it needs to be impartial. ( link to pdf )
PensionsAge magazine reports on the Written Parliamentary Question asked by Ros, whose response from Treasury shows that over 1million low earners, three quarters of whom are women, have been put into workplace Net Pay pension schemes which charge them 25% extra for their pensions than if their employer used a different scheme.( link to pdf )
Scottish Business News reports on attempts by MPs to find a resolution to the injustice of good employers facing bankruptcy and destitution because they can’t afford to buy annuities for plumbers they never employed in a fully funded scheme that isn’t buying annuities. ( link to pdf )