Empty NESTs and cracked eggs
Press Release commenting on the Government’s new name for personal accounts – NESTs – but explaining that many people’s NESTs will be empty and their nest-eggs cracked.
British Airways in deep trouble – pension scheme cannot close, what will the Regulator do?
Press Release highlighting the challenges facing the Pensions Regulator, trustees and management in connection with BA’s pension scheme. Most BA staff are covered by employment terms that do not permit any pay cut (or pension reductions) so the pension scheme cannot be closed. This poses major challenge for the Pensions Regulator – will it use its powers?
Public sector pension costs – hiding the truth
Ros comments on the Chancellors Pre Budget Report and highlights that the public is being misled about future costs of public sector pensions. She also wants personal accounts abandoned and policy moves to promote longer working lives.
Personal accounts should be abandoned, not delayed
Press Release commenting on recently announced delay to implementation of personal accounts, calling for a radical rethink because personal accounts are more likely to make pension provision worse, rather than better.
Taxpayers rescue bank pensions 100%
Press Release asking how it can be right that bankers’ pensions are 100% underwritten by taxpayers, while Government has always said taxpayers could not ‘afford’ to restore pension victims pensions in full, despite Parliamentary Ombudsman, High Court and Court of Appeal verdicts.
Turner wishes he had been more radical – so do I!
Lord Turner gave an interview to the BBC explaining that he wished he had been more radical and called for a resident’s pension and a faster rise in the state pension age. These are measures which Ros has been calling for since 2002 and radical reform is long overdue.
Incentives and conflicts of interest in RBS remuneration
Ros expresses her concerns about damaging conflicts of interest at the heart of Government policy for dealing with the banks. Incentivising RBS management to get share price up cannot be good for social objectives of wider lending.
Press Release for MetLife Retirement Planning Reform Report
Press Release announcing the publication of Ros’ independent report examining the issues facing ordinary people trying to plan their retirement. Ros explains the huge risks and uncertainties they face and how the credit crisis has worsened the pension outcomes for millions of pensioners.
Quantitative Easing – more misery to come
Press Release explaining why the Bank of England’s latest announcement about extending Quantitative Easing further is misguided and dangerous. Such short term thinking is not in our interests and the sums involved as more than the entire annual revenue from council tax and national insurance!
UK budget pension measures
Ros gives an overview of the measures announced in the Spring 2009 UK Budget, as they relate to pensions.