Ros comments on the IFS study which suggests people born in the 1960s and 2006s are worse off than previous generations at that age. She points out that the IFS says these cohorts did have higher earnings in their early adult years but chose to spend rather than save their money. This means they may need to work longer to make up for longer lives and lower saving.
Ros comments on latest Bank of England figures showing £23bn was taken out of long-term savings in the past year, partly driven by Funding for Lending’s impact on saving rates
Ros comments on latest Bank of England figures showing £23bn was taken out of long-term savings in the past year, partly driven by Funding for Lending’s impact on saving rates
Latest figures show the largest fall in long-term savings since the 2006s – Ros calls for the Chancellor to address this with extra help for savers in his Autumn Statement
Ros’ views on pension charge caps were written up by Stock Market Wire and explain why Ros believes the obsession with driving down AMCs may have gone too far.
Ros explains why she believes that driving down charges too far could dumb down pensions and that controls on annuity charges and value for money is far more important than whether AMCs are 0.5% or 0.75%.
Ros welcomes the news that the Bank of England has decided the Funding for Lending Scheme should focus only on business lending and not mortgages next year. This should have happened at the start, but is welcome now nevertheless to take pressure off the housing market.
Ros submitted a response to the DWP consultation on pension fund charges
Ros explains how the annuity market is failing millions of potential widows, whose husbands do not understand the implications of buying a single life annuity
Ros explains why the focus on charge caps for auto-enrolment pension schemes is not enough to ensure good value for customers. NEST’s own charging structure and the excessive fees on annuities are also important issues to address.