Ros explains why she is in favour of allowing people the option to cash in their annuities, although of course there are risks if the value is poor.
Ros was interviewed on BBC Radio4 Moneybox discussing the pros and cons of enabling people to cash in or surrender their annuities if they wish to. You can listen to the debate here https://businesschampionforolderworkers.blog.gov.uk
Ros comments on Steve Webb’s suggestion that annuity customers may be allowed to cash in their annuities
Ros calculated some estimates of the value of unsuitable annuities that may have been bought in the past 10 years. There is scant data to use, but the estimates suggest at least Â£8.5bn worth of inappropriate annuities may have been bought
New Model Adviser reports on remarks made by Ros at a Fringe Meeting at the Tory Party Conference in which she suggests that the Money Advice Service has not served the public well on annuity information and calling on the FCA to protect customers properly.
Ros gives further thoughts on the implications of the decision to allow pensions to pass on tax free to future generations and answers some of the most common questions she was asked.
Yorkshire Post Comment article on how the abolition of the 55% inherited pensions tax has the potential to increase everyone’s pensions.
Ros comments on the latest figures from the Association of British Insurers showing the impact of the budget on annuity sales and income drawdown.
StockMarketWire explains Ros’ call for the FCA to explain how it can justify permitting annuity firms to sell standard annuities to customers who are terminally ill, without even asking about their health.
Citywire highlights that Ros has challenged the financial services regulator to explain its failure to require annuity firms to ask about customers’ health before selling them a standard annuity that assumes they have at least average life expectancy.