Ros highlights the results of a Eurofound Survey report which shows that more than half of retired people across Europe would actually like to be working, mostly wanting part time rather than full time work. This is a major social change
Ros welcomes the decision by the UK Pensions Regulator to prevent GPG Group from paying out too much cash to shareholders while it remains responsible for schemes with large deficits
StockMarketWire wrote about Ros’ support for the UK Pensions Regulator to prevent GPG Group from paying out too much cash to shareholders while it remains responsible for schemes with large deficits
Ros outlines the measures announced in the Chancellor’s Autumn Statement, explaining what it did for pensions, savings and older people as well as the measures that were omitted which Ros would have liked to see
Ros gave the Robert Butler Memorial Lecture to the ILC Global Alliance forum in London, explaining the need to encourage more productive ageing across the developed world.
Ros explains how the recent pension reforms could allow people to withdraw money from their pension funds in a flexible manner, rather like they might access their bank of building society accounts.
Ros comments on DWP forecasts suggesting that average retirement age should rise by 6 months a year in order to catch up with past trends in life expectancy. She suggests later retirement is inevitable and could provide a welcome boost to lifetime incomes and the economy.
Ros gives further thoughts on the implications of the decision to allow pensions to pass on tax free to future generations and answers some of the most common questions she was asked.
Ros comments on the latest data showing that over 50s are the largest group opting out of auto-enrolment and points out that the pension reforms make pensions much more suitable for older workers.
Ros welcomes the Chancellor’s decision to scrap the 55% tax charge on inherited pensions, explaining that the 55% rate was particularly unfair on those who had only received basic rate tax relief. She points out that this decision will incentivise people to keep money in their pension funds for longer, that may help pay for care in later life too.