Ros highlights that all the forward indicators of the UK economy are strong and expresses concerns that the Bank of England’s forward guidance policy is gearing monetary policy to unemployment which is a lagging policy that reflects what has already happened, whereas monetary policy operates with long lead times.
Ros gave a keynote speech at the PEnsion Pioneers Forum conference explaining the damaged caused to #UK pensions by Quantitative Easing – both DB and DC schemes are affected
Ros responds to the OFT report on pension charges, highlighting that the recommendations may well disappoint those who wanted action, but that NEST’s charging structure does not fit well with a cap
Ros was interviewed (see around 2mins 45 secs and again at 5 mins 13 secs) for BBC2 Newsnight, commenting on the problems associated with the Bank of England’s suggestion of interest rates staying so low for 3 years.
Ros wrote a letter to the London Evening Standard explaining that there are downsides to keeping interest rates so low for so long.
Ros reacts to the Bank of England’s forward guidance that interest rates are likely to stay at current exceptionally low levels for another three years and explains the potential downsides of this policy.
Ros wrote an article for The Actuary Magazine explaining that the Bank of England’s policies are damaging both defined benefit and defined contribution pensions.
Ros wrote an article for CityAm explaining how the Bank of England’s policies are worsening regional and generational inequality, with the young and those in the north losing out. Here is a link to the article as well.
Press Release explaining how QE acts like a tax cut for the wealthiest while imposing tax rises on the masses.
Press Release highlighting the dangers of QE having created asset bubbles and calling for money to be directed to real assets, not financial assets in order to revive growth.