Spring Budget 2020: Govt confirms review into net pay anomaly
Ros welcomes the Spring Budget announcement that there will be a review into the Net Pay scandal and Pensions Age reports on this. ( link to pdf )
Pension freedoms reform called for after fears savers will run out of money
Professional Pensions carries Ros’ views that consumers need independent guidance or advice, rather than being signposted to pension provider helplines. The ABI has called for greater help for consumers, which is right, but it needs to be impartial. ( link to pdf )
Three quarters of savers caught in net pay anomaly are women
PensionsAge magazine reports on the Written Parliamentary Question asked by Ros, whose response from Treasury shows that over 1million low earners, three quarters of whom are women, have been put into workplace Net Pay pension schemes which charge them 25% extra for their pensions than if their employer used a different scheme.( link to pdf )
Pension freedoms reform called for after fears savers will run out of money
Professional Pensions quotes Ros in its report on the ABI latest research suggesting people are at risk from the new pension freedoms – and Ros suggests we need more data to make firm conclusions. ( link to pdf )
Govt should be wary of cutting higher rate tax relief – Altmann
Pensions Age magazine highlights Ros’ warnings that just removing higher rate tax relief would be a lose-lose situation and Government should not be tempted to do this. ( link to pdf )
SNIPEF Continues Pushing for Changes to Devastating Pensions Legislation
Scottish Business News reports on attempts by MPs to find a resolution to the injustice of good employers facing bankruptcy and destitution because they can’t afford to buy annuities for plumbers they never employed in a fully funded scheme that isn’t buying annuities. ( link to pdf )
Would you delay PART of your state pension to get more later? And should ill people and carers get it early?
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 )
My trauma over £100k bill seven years after retiring: Former prison officer hit with huge demand as pension was slashed by £1,000 a month
Daily Mail exposes shocking treatment of pensioners told to repay thousands of pounds because their pension scheme administrator paid them the wrong amount for years. Ros is quoted saying the members should not have to pay for the mistakes made by experts. ( link to pdf )
Threat of frozen state pensions lifted in boost for British expats in the EU – but you must have moved there by the end of 2020
ThisIsMoney website explains that the post-Brexit arrangements mean expat UK pensioners living in Europe before the end of 2020 will have their State Pensions uprated for life. ( link to pdf )
Tapered annual allowance solution dismissed by experts
FT Adviser Magazine carries Ros’ warning that just increasing the taper threshold will not solve the NHS pension problems. ( link to pdf )