MPs must ensure Government’s promised cold-calling ban actually works. Providers should also be required to automatically refer customers to PensionWise guidance. Financial Guidance and Claims Bill comes to Commons tomorrow for crucial votes – a chance to achieve proper protections, not just worthy headlines. I hope Government will back Frank Field’s amendments for cold-calling and automatic pensions guidance rather than its own weaker proposals. An opportunity to improve consumer protection properly: The House of Commons will vote tomorrow, Monday 12
Daily Telegraph article – Scrap the Lifetime ISA and have an Everything ISA
New Statesman article about protecting the Good Friday Agreement and the integrity of the United Kingdom.
New Statesman article on Brexit.
Guardian article quoting Ros’ concerns about the costs incurred by DWP in defending appeals against disability benefit rejections – would be great to get this right in the first place
Daily Mail article on Ros release about the UK state pension being the lowest in the developed world but still needing to be cut further, even if pension age rises to 71 for all under 20s
UK State Pension officially the worst in the world – but still needs to be cut further. Middle income groups receive worse pensions than any other country in the OECD. Government actuaries say under-30s won’t get state pension till their 70s as new State Pension system is unaffordable. The Government Actuary says the UK State Pension is not sustainable, even though it is the lowest in the developed world, according to latest OECD figures. UK bottom of the global pensions
Daily Telegraph ‘Pensions black hole – who is next in pensions time bomb?’
Politico Europe interviewed Ros and quotes her views on Brexit – the passage of the EU Withdrawal Bill through the House of Lords
Changes to Financial Guidance Bill would leave pension customers more at risk of scams and fraud, buying overpriced products or paying unnecessary tax. Automatic guidance can help pension customers make the most of their pension savings. Disappointing to see Government bowing to industry pressure to weaken consumer protection. More pension customers will be at risk of scams and losses: I am really disappointed that the Government seems to have bowed to industry pressure and proposes to weaken consumer protection for