Annuities reform Archives - Ros Altmann
  • ROS ALTMANN

    Ros is a leading authority on later life issues, including pensions,
    social care and retirement policy. Numerous major awards have recognised
    her work to demystify finance and make pensions work better for people.
    She was the UK Pensions Minister from 2015 – 16 and is a member
    of the House of Lords where she sits as Baroness Altmann of Tottenham.

  • Ros Altmann

    Ros Altmann

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    Category: Annuities reform

    ‘Our pension pays just £4.61 a month’: Why insurance giants MUST release pensioners from annuity austerity by paying out lump sums

    ‘Our pension pays just £4.61 a month’: Why insurance giants MUST release pensioners from annuity austerity by paying out lump sums

    MailonLine highlights the many people who would desperately love to cash in their small annuities, instead of receiving a small sum each month for life. Ros calls for insurers to allow this but also warns that individuals need to know the risks, such as tax to pay first. ( link to pdf )

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    Shirley took her pension early to pay for her son’s funeral and now gets just £10 a month after she was forced to buy an annuity she never wanted

    Shirley took her pension early to pay for her son’s funeral and now gets just £10 a month after she was forced to buy an annuity she never wanted

    Daily Mail campaign to allow people to undo unwanted annuities continues, with a story of a lady who had to use her tax free lump sum to pay for son’s funeral, now stuck with £10 a week for life that she does not want. ( link to pdf )

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