The DCLG is proposing reforms to the way local authority pension schemes invest which could save council taxpayers £660m a year – or more than 10% of the cost of council staff pension contributions, by pooling assets into Common Investment Funds to benefit from economies of scale and cut investment charges
Ros gave a presentation to US investors and plan sponsors outlining what has been happening to UK pensions policy, how it is becoming more flexible and moving towards possible ‘hybrid’ solutions rather than one-size-fits-all and pure DB or DC. She suggests ways to learn from some of our past mistakes
Ros gave the keynote address at the Pension Pioneers Forum in London and explained her views about the new pensions landscape, with its implications for accumulation, decumulation, providers and trustees.
Ros explains how tax relief works, comments on its unfairness but cautions against making changes without careful modelling
Ros comments on the Government’s idea to help people plan for retirement by telling them an expected date of death. This is more likely to put them off engaging in thinking about their later life finances that telling them how long they are expected to live – it’s not just semantics, it’s behavioural psychology.
Ros explains the Government’s proposals to allow people to buy extra years of state pension with so-called Class 3A contributions
The Herald, Scotland, highlights Ros’ evidence to the Treasury Select Committee inquiry into the Budget pension changes where she expresses her belief that it is difficult to imagine average annuity rates worsening as a result of the change to compulsory annuitisation
Ros’ views on why insurance companies have not always understood their customers’ needs were published in the Yorkshire Post
The Spectator carried a blog from Ros outlining ten ways in which the UK insurance industry has been at fault and how it can change to better meet the needs of its customers.
Ros comments on the announcement by the Financial Conduct Authority that it will investigate old insurance policies sold between 2006 and 2000 to see if the charges and terms are fair to customers and she explains what has gone wrong with the insurance industry profit and sales models.