Bank of England pension fund took £1.5bn hit from derivatives
Ros’ is quoted in the Financial Times about the astonishing 30% drop in the value of the Bank of England pension fund asset value during 6 months of 2022.
Demands building for independent inquiry into pensions turmoil which left several funds just hours from collapse
ThisIsMoney website quotes Ros calling for an urgent inquiry into the collapse of the gilt market and role of pension funds’ investment allocations. ( link to pdf )
Demands building for independent inquiry into pensions turmoil which left several funds just hours from collapse
ThisIsMoney website quotes Ros calling for an urgent inquiry into the collapse of the gilt market and role of pension funds’ investment allocations. ( link to pdf )
BoE under pressure over pensions ‘time-bomb’
Ros is quoted in the Financial Times about pension funds use of LDI strategies and the dangers of assuming gilts and bonds were low risk or risk-free. QE has undermined risk metrics.
Defined contribution pension schemes are the ones that will be hit hardest by this economic crisis
Ros wrote a comment article for inews explaining why the Bank of England had to intervene in the gilt market and that rising gilt yields can pose problems for both DB and especially DC schemes.
DIY retirement savers blocked from transferring final salary pensions
Ros is quoted in Pensions Expert expressing concerns about advisers imposing extra costs for ongoing advice for on customers needing to transfer money from DB schemes if the transfers are suitable.
P&O Ferries could face prosecution over sackings, minister say
Ros is quoted in the Guardian newspaper on the P&O Ferries disgraceful behaviour in sacking loyal workers without notice, probably illegally. ( link to pdf )
MNRPF chair admits uncertainty over P&O Ferries’ obligations
Pensions Expert quotes Ros calling for clarification about what will happen to P&O Ferries pension obligations and whether trustees can require the parent company to fill any deficit, rather than other employers.
How new regulation is boosting trust in workplace pensions
Raconteur writes about the future of DC pensions and whether Regulation will be sufficient to protect members outcomes, particularly in CDC schemes. ( link to pdf )
Fraud Compensation Fund to begin processing cases within 18 months
Description: Ros is quoted by Pensions Expert welcoming the news that the PPF is gearing up to pay compensation to occupational pension scheme fraud victims, using the Fraud Compensation Fund