Providing for your own future
Ros gave a speech at the Eversheds Annual Pensions Conference in London, explaining that people cannot rely on others to deliver them decent pensions, they increasingly have to look after themselves.
Ros gave a speech at the Eversheds Annual Pensions Conference in London, explaining that people cannot rely on others to deliver them decent pensions, they increasingly have to look after themselves.
Ros interviewed Pensions Minister Steve Webb and he explained why he believes pensions have an ‘image problem’ and that he is determined to make a real difference for future pensions. He also acknowledges QE has hurt pensioners.
A Saga ‘Webb-Chat’ with Ros interviewing Pensions Minister Steve Webb about his time in office, his achievements so far and hopes for future policy.
This is the transcript of Ros’ session at the Westminster Employment Forum conference on Pension Reform.
Ros’ ideas on allowing people access only to their own contributions, but not employer contributions or tax relief are supported by the FT.
Ros’ ideas for allowing people access to their pension fund, so they can, if they need to, withdraw their own contributions (but not employer contributions or tax relief). This would encourage far more people to contribute in the first place, while also ensuring they do have some pension fund building up.
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.
Moneywise Magazine article highlighting Ros’ ideas for solving the pensions crisis.
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.
Parliamentary briefing prepared for MPs explaining the unfairness of planned state pension age rises and outlining fairer and better alternatives.