Bank of England pension fund took £1.5bn hit from derivatives
Ros’ is quoted in the Financial Times about the astonishing 30% drop in the value of the Bank of England pension fund asset value during 6 months of 2022.
Women’s Pension Issues
Ros was interviewed on BBC Radio 4 Woman’s Hour talking about women’s pension issues.
Madonna is the material proof: older women rock. So why do so many still have to stop work?
The Guardian quotes Ros talking about the importance of menopause support for older women, to help retain them in the labour force and the need to overcome ageism.
Lifetime Isas must be reformed, say former pension ministers as savers end up with less than they invested
Lifetime ISAs need urgent reform – or abolition. Ros is quoted in the Daily Telegraph warning that many people have bought Lifetime ISAs that were unsuitable for them and that the product needs reform or abolition.
Employers confronted over missing pension contributions
Pensions Regulator needs more powers to enforce Ombudsman rulings – Ros is quoted in the Financial Times calling on the Pensions Regulator to use its powers, or be given new ones, to ensure compliance with auto-enrolment contribution duties when employers refuse to pay.
Pension regulator must tackle rule-breaking employers
Workers in auto-enrolment need proper protection – Ros wrote a Comment piece for the Financial Times calling on the Pensions Regulator to intervene, or be given more powers, to help members whose employers do not pay their pension contributions.
Pensions industry urged to ‘rise to the challenge’ amid CofL crisis
Providers should promote the benefits of pensions – Ros is quoted by Pensions Age calling on pension providers to rise to the challenge of explaining the benefits of pensions, not just the risks of inadequacy. ( link to pdf )
Altmann: Pension providers must do more to stop people opting out
Pensions need to be promoted, they’re a brilliant product – Ros is quoted by Financial Adviser magazine calling on pension providers to do more to extol the virtues of pensions, so people don’t just opt out without realising what they’re giving up. ( link to pdf )
A million older workers face new pensions misery: Bond rout wipes a third off funds – just as retirement looms
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 )
Altmann hits out at providers for pension positivity failure
Cutting pension contributions can be dangerous but nobody is explaining this – Ros was quoted in Professional Pensions urging pension providers to explain that cutting pension contributions may create big losses. ( link to pdf )