Defined Ambition pensions – consultation response
Ros responded to the DWPs’ consultation on reshaping workplace pensions, explaining her views on the proposed Defined Ambition pension designs.
Shocking figures show largest fall in long-term savings since 2006s
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
Shocking figures show largest fall in long-term savings since 1970s
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
Where have all the savers gone – Chancellor needs to act in his Autumn Statement
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
Response to DWP charges consultation
Ros submitted a response to the DWP consultation on pension fund charges
Obsession with pension charges is the wrong focus
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.
Pension charges need to take account of annuity costs, not just AMC
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%.
Well done Mr. Carney – FLS should have focussed on business lending long ago
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.
Annuity providers pocket £1bn from husbands' pensions as widows left penniless
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
Capping charges on auto-enrolment ignores the bigger picture
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.