Press Release responding to appearances by Steve Webb, Pensions Minister, at Fringe Events at the Liberal Democrat Party Conference where he said changes to State Pension Age ‘must be fair’. Ros explains better and fairer ways for the current Pensions Bill.
Ros’ article published in the Yorkshire Post explaining that savers must not be made to suffer and Government should extend ISA allowances so that savers can have more income from their savings.
Ros comments on remarks by Iain Duncan Smith, Secretary of State for Work and Pensions, which suggest that Government is considering bringing forward the increase in state pension to 67 by 2026. This could allow a slower timetable for increasing to 66, giving fairer notice.
Ros calls for a higher ISA allowance in order to offset the impact of ultra-low interest rates on savers. Allowing interest tax-free would be the equivalent of an interest rate increase of 1% – 3% for taxpayers.
Ros comments on the disappointment that National Savings has withdrawn its inflation-linked savings certificates (and its fixed savings certificates) which were the best way for savers to protect themselves, tax free, against inflation.
Ros calls for Government to implement Option 2 of its consultation proposals to reform state pensions – a flat-rate simple state pension paying ?140 a week to all those with a full contribution record.
highlights that almost no money is being set aside for care, even though people know it is important. They are just not saving.
Press release welcoming the decision by the UK Payments council to reverse its plans to abolish cheques.
Ros welcomes the decision by the UK Payments council to reverse its plans to abolish cheques. A victory for common sense.
Press Release on Lord Mc Fall’s report on pension reform does not really go far enough. Pensions need rebranding, it’s not just high charges that are the problem.