Crisis policy response carries big dangers
Press Release critiquing Government’s emergency policy measures, explaining dangers and highlighting unfairness for pensioners of pension credit assuming they still earn 10% interest on their savings.
Falling markets, crumbling pensions
Article published in House Magazine examining the credit crisis, stock market falls and policy response have impacted pensions and the implications for public spending.
Reassessing investment risk
Letter published in Financial Times suggesting that the concept of investment risk has been misunderstood – expected returns may not be each investors’ achieved returns, but investors have acted as if their returns on risky assets will somehow be guaranteed.
Cutting interest rates is like a tax increase or a pension cut – it's wrong!
Ros explains why cutting interest rates even further from here is not sensible and causes significant damage to pensioners living on their savings. She recommends bringing back the 10p tax band to improve incomes for all taxpayers and improving the state pension to help all pensioners over age 75.
Bring back the 10p tax rate!
Government reforms in the pre-budget report will not solve our problems and Ros suggests an alternative approach.
Credit Crisis and Pension Funds – what now for LDI?
Presentation given to Goldman Sachs Pension Academy explaining how pension fund trustees could consider coping with the credit crisis and updating investment thinking for the future.
Critique of measures in Pre-Budget Report
Ros critiques measures in Government’s Pre Budget Report, explaining why cutting VAT will not work and recommending reducing direct taxes and increasing pensions instead.
DMO should issue pension and annuity gilts
Ros wrote to urge the Government to issue gilts specifically targeted and pension funds and annuity providers: long duration, linked to inflation and longevity/mortality. There are hundreds of billions of pounds of domestic institutional money that would eagerly buy such paper.
Public sector pensions aristocracy
Article published in the Yorkshire Post contrasting the effects of the credit crunch on private sector and public sector schemes and calling for transparency on accounting for public sector pensions.
Crazy to bail out IceSave retail deposits 100%
Press Release highlighting the dangers of printing money to bail out retail bank depositors 100% while long term savings remain maximum 90% safe. There should at least be some quid pro quo for taxpayers protecting above the £50,000 limit.