Ros highlighted the problems facing annuity customers who cannot find out whether their annuity is good value or not, because firms refuse to publish the necessary information. Meanwhile, they can take in £100m free money from people’s pension pots each year for doing nothing.
The Sun featured Ros’ warnings about annuities being a big gamble.
Ros explains that annuities should not be considered as ‘safe’ long-term investments, because the capital is at risk. Nobody issues risk warnings to investors and she calls on regulators and trustees to do more to ensure customers are protected better.
Stock Market Wire featured Ros’ views on the risks of annuity buying in an article on their website.
Ros wrote an article for CityAM discussing latest figures showing opt out rates from auto enrolment to be very low so far.
Ros welcomes the DWP figures showing low opt out rates for auto enrolment so far, but discusses why these rates are likely to rise as smaller firms join the project in future.
Ros comments on latest figures showing that FTSE100 scheme pension deficits rose over the past year, despite a 10% increase in assets and employers pouring around £20bn into their schemes. QE and low rates continue to damage pensions.
Ros wrote an opinion piece for the Yorkshire Post commenting on the findings of a National Audit Office report which highlighted that pensions policy falls under 17 different Government departments or public bodies. She calls for them to be brought together.
Pensions World publishes Ros’ views of the risks to widows and widowers in current annuity markets, with reform focussing on getting the best rate, rather than buying the right product.
Ros calculates that the failure of couples to buy joint life annuities may result in 250,000 widows or widowers each year at risk of being left with nothing when their partner dies.