New Model Adviser reports on remarks made by Ros at a Fringe Meeting at the Tory Party Conference in which she suggests that the Money Advice Service has not served the public well on annuity information and calling on the FCA to protect customers properly.
Ros gave a presentation at the Social Market Foundation Fringe Meeting at the Tory Party Conference in Birmingham, explaining her thoughts on how pensions and retirement will be impacted by the latest pension reforms.
Ros gives further thoughts on the implications of the decision to allow pensions to pass on tax free to future generations and answers some of the most common questions she was asked.
Yorkshire Post Comment article on how the abolition of the 55% inherited pensions tax has the potential to increase everyone’s pensions.
Ros welcomes the Chancellor’s decision to scrap the 55% tax charge on inherited pensions, explaining that the 55% rate was particularly unfair on those who had only received basic rate tax relief. She points out that this decision will incentivise people to keep money in their pension funds for longer, that may help pay for care in later life too.
Ros comments on the latest pension statistics released by the Office for National Statistics which show that women and low paid workers are least likely to have pensions unless they are graduates or work in the public sector.
Ros comments on remarks from pension industry leaders that suggest UK pension firms can’t cope with customers queries after the latest pension reforms.
The Financial Times’ Pensions Expert magazine published an article by Ros which outlines what scheme members should expect from the guidance guarantee, including the impact of tax, inflation, and the the cost of future care.
Ros explains the vital issues that need to be covered by the free national pensions guidance system that will start in April 2015.
Ros outlines some steps widows could take to help themselves if they are worried about how to share in their husband’s pensions.