Ros comments on the news that the Government wants to accelerate the rise in state pension ages for younger generations. She explains that this is inevitable as life expectancy rises and that this is not a penalty on the young but an opportunity to embrace a whole new phase of life that previous generations could not have enjoyed, with part time work following a full time career.
Ros comments on latest Bank of England figures showing £23bn was taken out of long-term savings in the past year, partly driven by Funding for Lending’s impact on saving rates
Ros comments on latest Bank of England figures showing £23bn was taken out of long-term savings in the past year, partly driven by Funding for Lending’s impact on saving rates
Latest figures show the largest fall in long-term savings since the 2006s – Ros calls for the Chancellor to address this with extra help for savers in his Autumn Statement
Ros explains why she believes that driving down charges too far could dumb down pensions and that controls on annuity charges and value for money is far more important than whether AMCs are 0.5% or 0.75%.
Ros welcomes the news that the Bank of England has decided the Funding for Lending Scheme should focus only on business lending and not mortgages next year. This should have happened at the start, but is welcome now nevertheless to take pressure off the housing market.
Ros has joined the advisory panel of the OpenRetirementClub and will help guide the business and its members on pension and retirement policy issues.
Ros explains how the annuity market is failing millions of potential widows, whose husbands do not understand the implications of buying a single life annuity
Ros highlights that all the forward indicators of the UK economy are strong and expresses concerns that the Bank of England’s forward guidance policy is gearing monetary policy to unemployment which is a lagging policy that reflects what has already happened, whereas monetary policy operates with long lead times.
Ros explains why the focus on charge caps for auto-enrolment pension schemes is not enough to ensure good value for customers. NEST’s own charging structure and the excessive fees on annuities are also important issues to address.