Ros welcomes the revolution announced in the Budget for pensions and savings, with increased flexibility for ISAs and more pension savings taken as cash – she has called for these changes for many years.
Ros explains why the 2014 Budget measures are so significant for pensions and savings and will be both popular with the public and also bring in extra revenue for the Chancellor.
The Sunday Post supported Ros’ views that the Chancellor needs to ensure the Budget works well for savers and improve the flexibility of ISAs and pensions.
Ros wrote a review of the impact QE and ultra low interest rates as the five year anniversary of these policies arrives. She highlights powerful winners and many losers with large risks looming on the long-term as rates have stayed too low for too long.
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 Â£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 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 explains why she believes the Treasury’s announcement that ISAs will be allowed to invest in AIM stocks is sensible, but of course these will probably add to the risk level of a portfolio.
Ros calls on the Chancellor to free up the investment restrictions on ISAs, to allow savers to hold all their allowance in cash.