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Savings Policy - Lifetime Saving
Framework and savings incentives
Credit crisis and
pensions policy Presentation given to House of Commons All Party Group on Social Security, explaining the inadequacies of recent policies for dealing with the credit crisis and suggesting alternative solutions.
Cutting interest
rates is like a tax increase or a pension cut -
it's wrong! Ros explains why cutting interest rates even further from here is not sensible and causes significant damage to pensioners living on their savings. She recommends bringing back the 10p tax band to improve incomes for all taxpayers and improving the state pension to help all pensioners over age 75.
Financial crisis and
demographic dangers of current Government
policy Presentation given to LSE conference on Financial Markets Crisis, explaining how savers will be affected and the need to restore savings incentives.
Breathtaking double
standards offering 100% compensation to Northern
Rock depositors Release highlighting the injustice of Government immediately rescuing Northern Rock savers with a 100% guarantee, while continuing to maintain that taxpayers can't compensate pension victims who have been struggling for years with no pension.
Saga website –
introduction to SIPPs Article for Saga website explaining the basics about Self Invested Personal Pensions (SIPPs).
Press Release on FSA
Retail Distribution Review Ros' comments on FSA Retail Distribution Review consultation paper on selling savings products in the UK. Ros suggests the only people called 'independent advisers' should be those who can sell across all products.
Money Marketing article on the effects
of pension tax reform ‘A-day’ Comment published in Money Marketing outlining Ros’ expectations of the tax reforms for pensions introduced on 6th April 2006.
U turn on pension simplification
reforms is a shambles Press Release discussing Ros’s view that the government’s climbdown on allowing residential property into personal pensions and last-minute changes of pension simplification tax rules is the right decision but dreadful timing. The Government should never have proposed this and should have listened to warnings over the last 2 years that such changes would lead to huge losses of tax revenue.
Why has Government policy to encourage
saving failed? Article published in Money Management outlining the failure of pension policy reforms and discussing possible reasons why the Treasury seems to have failed to encourage more pension savings.
Speech at Labour Party Conference
fringe on encouraging retirement provision Presentation given at B&CE fringe meeting at Labour Party Conference in Brighton, discussing Ros’s views on how to get people to provide for their retirement.
Long-term savings in the 21st Century -
IMA conference, London Presentation given at the Investment Management Association conference, London, outlining policies required to stimulate long term savings, pension reform and alternative investment approaches in the UK.
Long term savings and the future for
life assurance companies - IEA Annual Conference,
London Presentation given at the 8th Annual Conference of the Institute for Economic Affairs, in London, discussing the role of Government, insurance companies and the financial services industry in the future of long term savings in the UK.
FT personal view on failure of
Stakeholder policy initiatives Personal View column published in Financial Times, explaining why the stakeholder savings initiatives have not worked and are unlikely to do so. The target market is not benefiting and providers are not keen to offer these products.
Balancing a Portfolio over a
Lifetime Article published in UBS Wealth Management magazine explaining some of the weaknesses of the lifecycle approach to investing and the need for diversification in investor portfolios.
Closing the Savings Gap - CSFS
Conference Presentation at Centre For Future Studies Conference in London on closing the savings gap, outlining how Government and the financial services industry can work together to encourage more savings.
FT Personal View on problems of savings
products for mass market Personal View article published in Financial Times, explaining the problems of stakeholder product reforms, mass market investors being left out, providers concentrating on high net worth clients and lack of economies of scale in savings products. Ros suggests consideration of National Savings as the ideal 'Sandler' products.
Financial Adviser feature on failure of
Government policy to encourage savings Feature article published in Financial Adviser highlighting the failure of Government policy to stimulate more savings. The article explains that policy has only focussed on supply side issues (informed choice, stakeholder) but not demand (no new incentives, people don't want to save) . Ros outlines the need for new incentives for both employers and employees.
Press Release on Treasury Select
Committee Report on Long-term Savings
Press release discussing the findings of the Treasury Select Committee report on long term savings in the UK.
Presentation for FSA
Consumer Panel Presentation made to the FSA Consumer Panel on the topic of ‘what I would do if I were on the FSA Consumer Panel'.
When the FSA says
‘guarantee’ it doesn’t mean a
guarantee Press release explaining that the FSA refuses to accept any responsibility for telling members of final salary schemes that their pensions were guaranteed, when in fact they weren’t. It criticises the double standards apparently being used by the Regulator.
Tax relief is not fiscally
neutral Letter published in Financial Times, arguing that tax relief is not fiscally neutral and is a major example of targeting incentives on top income groups.
Rethinking Retirement Article published in ‘The Tomorrow Bulletin’ discussing the Tomorrow Project report ‘Opportunity of a Lifetime’ and setting out Ros’s proposals for radically rethinking the concept of retirement and introducing a lifetime savings framework.
Financial Adviser article reviewing
Treasury Select Committee report on long term
savings Article published in Financial Adviser in July 2004, discussing the findings of the Treasury Select Committee report on long term savings.
FT ‘Personal View’ article
questioning the inadequacy of Article commissioned by Financial Times for ‘Personal View’ column, discussing Government policies to encourage savings and questioning why they seem to be targeted only at the top earners, rather than trying to encourage those who do not pay higher rate tax.
The Importance of
Independent Advice in Savings
Policy Presentation given at ‘Money Marketing Live’ Exhibition in Manchester on 23rd September 2003, explaining the problems of pension coverage, Government pensions policy and the importance of independent advice in the savings process.
Cost of Giving
Extra Savings Incentives to Basic Rate Tax
Payers
Sandler Products -
Independent Advice is Essential to Avoid
'Mis-Buying' An article written for Financial Adviser commenting on why financial advice is still so important even when offering simple products.
Developing a
Lifetime Savings Framework Article prepared for Journal of Financial Services Marketing to describe the setting up of a Lifetime Savings Account to encourage savings throughout the lifecycle.
Beyond Tax
Relief
Comments on
Sandler Review
How Pension Tax
Relief Benefits The Better Off These are two slides which demonstrate examples of the regressive effect of tax relief on pensions and possible contribution to inequality of wealth among the elderly.
Reform of Policy
to Encourage Savings Recommendations for changes in policy to encourage savings through the lifecycle.
Encouraging
Savings In The UK – A Lifetime Savings
Framework Slides and transcript of a speech given at the Institute of Actuaries ‘Ageing Population’ conference in Edinburgh on January 21st 2002. This describes proposals for a new type of 'wrapper' in which to hold all a persons savings throughout their lifetime, from short term investments to pensions and equity release. |
