Age 75 Annuity proposals – the good, the bad and the ugly
Ros outlines her views on the Government’s proposals to abolish the requirement to annuitise pension savings by age 75.
Ros outlines her views on the Government’s proposals to abolish the requirement to annuitise pension savings by age 75.
Ros explains that flaws in the 2004 Pensions legislation have left some pension scheme members without any protection at all, even though they have paid PPF levies and believed they were protected. This surely cannot be happening again and legislation must be urgently changed.
Press Release exposing the fact that the Government’s own state pension age calculator has not been updated to reflect the latest proposed changes to women’s state pension age, thus potentially misleading millions of women.
Ros summarises some of the highlights of the recent proposals for pension reform.
Ros highlights Saga Survey evidence showing that one in five over 50s has debts or a mortgage and comments that one third are not saving in a pension.
Ros comments on leaked proposals for all new pensioners to be paid at least ?140 a week state pension, thereby ending mass means testing of pensioners.
Press Release criticizing Bank of England Deputy Governor, Charlie Bean, who suggested that monetary policy was deliberately trying to get savers to spend their money, ignoring dangers for pensions and long-term economic stability in an ageing population.
Press Release explaining that the Government’s current proposals for abolishing the age 75 annuity requirement amount to a transfer of wealth to the very wealthiest pension savers from those lower down the income scale.
Press Release condemning reports that the Government is considering scrapping Winter Fuel Allowances. This would be like cutting state pensions by £10 a week. They should instead be incorporated into the state pension and become taxable.
Press Release highlighting Ros’ views on auto-enrolment, explaining the dangers and recommending NEST be put on hold until the problems are addressed.