BANKS MUST PASS INTEREST RATE RISES TO SAVERS: Ros is quoted in MSN lamenting the fact that banks have failed to treat their savers fairly and have not passed on the benefits or higher interest rates properly. ( link to pdf )
DC pension default funds have let workers down – Ros is quoted in the MailonLine explaining that the real pension damage from rising bond yields was inflicted on those nearing retirement in DC ‘lifestyle’ or ‘target date’ default funds which have lost perhaps 30% of their value, with no employer standing behind the losses. ( link to pdf )
FT Adviser quotes Ros calling for a guarantee to be reiterated that State Pensions will rise in line with inflation next year – pensioners must not be short-changed again.
FT Adviser quotes Ros calling for a guarantee to be reiterated that State Pensions will rise in line with inflation next year – pensioners must not be short-changed again.
Ros is quoted by the Independent, calling on the Bank of England to delay its £80billion gilt sales programme until the markets calm down, warning that this could cause further market mayhem.
Financial News quotes Ros warning that the Bank of England may need to extend its emergency gilt market support beyond 14 October until economic stability can be restored and confidence rebuilt by the Chancellor.
Financial News quotes Ros warning that the Bank of England may need to extend its emergency gilt market support beyond 14 October until economic stability can be restored and confidence rebuilt by the Chancellor. ( link to pdf )
ThisIsMoney website quotes Ros calling for an urgent inquiry into the collapse of the gilt market and role of pension funds’ investment allocations. ( link to pdf )
ThisIsMoney website quotes Ros calling for an urgent inquiry into the collapse of the gilt market and role of pension funds’ investment allocations. ( link to pdf )
Ros is quoted in the Financial Times about pension funds use of LDI strategies and the dangers of assuming gilts and bonds were low risk or risk-free. QE has undermined risk metrics.