Green and TPR urged to find solution for Arcadia scheme members
Ros is quoted by Professional Pensions, discussing the position of the Arcadia pension scheme and comparisons with BHS. ( link to pdf )
The Social Distancing Awards 2020: The Wellesley Grove Journal
Ros is featured by Money Marketing magazine in a Ken Pyne cartoon commenting that, in response to the Covid-19 crisis, the Bank of England has not just found a magic money tree, but a whole magic money forest! ( link to pdf )
What Horrified Fund Managers, Banks & UK’s Pension Minister Said About the Bank of England’s Sudden “We Don’t Rule Out” Negative Interest Rates
Wolf Street reports views from Ros and many fund managers about the problem of negative interest rates for pensions. ( link to pdf )
Halt overdraft charges now! Thousands of families facing job losses and ruined savings but banks are STILL hiking fees as high as 50%
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.
Banks urged to suspend ‘penal’ overdraft charges while customers battle coronavirus
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.)
ROS ALTMANN: Why the Bank of England should NOT cut rates
Ros wrote a piece for the Young Money website explaining how young savers have lost out for years as a result of the Bank of England’s ultra-low rate policies. ( link to pdf )
Why cutting interest rates makes no economic sense at this time – Ros Altmann
Ros wrote an Opinion Column for the Yorkshire Post explaining why cutting interest rates makes not economic sense at this time and hoping Bank of England will not do so. ( link to pdf )
Banks under fire over rip-off overdraft fees: FCA probe ‘could see rates capped’
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 )
Tempted by equity release? You could save thousands with a retirement interest-only mortgage instead
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 )
New high cost debt credit crisis ‘could be sparked by buy now, pay later offers’
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 )