Ros wrote to urge the Government to issue gilts specifically targeted and pension funds and annuity providers: long duration, linked to inflation and longevity/mortality. There are hundreds of billions of pounds of domestic institutional money that would eagerly buy such paper.
Press Release highlighting the dangers of printing money to bail out retail bank depositors 100% while long term savings remain maximum 90% safe. There should at least be some quid pro quo for taxpayers protecting above the Â£50,000 limit.
Press Release suggesting the credit crisis is due to short-term policy which borrowed from the long-term and will have to be paid back. Until policymakers understand this, they will not solve the problem and short term panic measures are not the answer.
Press Release explaining why the panic measures aimed at stabilizing the banking system will make the pensions crisis worse and lead to a serious pensioners crisis soon. Ros calls for the Government to issue more long-dated gilts and longevity or mortality bonds.
Article published by Pensions Management Institute in PMI News giving Ros’ views on how the credit crisis is likely to affect pensions in the UK.
Article published in Unite Magazine, explaining the dangers of emergency protection of bank deposits 100% while pensions are far less protected and the long term risks of making short term savings more secure than long term investments.
Press Release commenting latest figures showing rise in final salary scheme deficits for FTSE 100 companies caused by falling equity markets and disappointing corporate bond returns.
Article published in the Yorkshire Post explaining why the latest falls in asset prices have led to worrying deficits in UK final salary pension schemes, which will hasten the demise of such schemes.
In April 2008, Ros was presented with the prestigious Professional Pensions 2008 Pensions Personality of the Year award.
Ros Altmann spent five years campaigning for justice, pro bono, for the victims of failed company pension schemes refused compensation by the government….