This is Money highlights the good news that some banks, including Barclays, have agreed to waive the increase in overdraft charges by allowing interest free overdrafts to end April, which Ros has warmly welcomed.
Ros is quoted in Pension Age magazine warning that the Covid19 lockdown has increased risks of scams – public need to be protected and have clear warnings not to engage with cold calls. ( link to pdf )
Ros is quoted in the Daily Telegraph urging banks to suspend the planned penal increases in overdraft charges for consumers, particularly on arranged overdrafts. (Subscription needed to view.)
MailonLine highlights Ros’ suggestions that people who are seriously ill or caring for others might be allowed to take their state pension early. ( link to pdf )
ThisisMoney website and Daily Mail newspaper report that the FCA is investigating the enormous increase in interest costs for bank customers using arranged overdrafts. Ros has called for this to be reviewed urgently as rates are egregiously high. ( link to pdf )
Ros is quoted in Professional Adviser lamenting the inadequacy of consumer protection in the Woodford Scandal and how the FCA and Authorised Corporate Director firms ignored warnings. ( link to pdf )
The Daily Mail highlights the problems of equity release mortgages and quotes’ Ros’ views on the comparisons with retirement interest only mortgages. ( link to pdf )
Professional Pensions reports on the Net Pay Action Group’s calls for Government to urgently address the problem of low earners being charged 25 % extra for their pensions due to the Net Pay administration system. ( link to pdf )
Citywire/New Model Adviser highlights the work that the Net Pay Action Group has been doing to help the Government solve the Net Pay scandal affecting low earners who are paying over the odds for their pension. ( link to pdf )
The Sun echoes Ros’ warnings about the rising debt levels and dangers of buy now, pay later schemes causing another credit crisis. ( link to pdf )