Annuity sales plummet and drawdown soars after Budget
Ros comments on the latest figures from the Association of British Insurers showing the impact of the budget on annuity sales and income drawdown.
Citywire – Altmann challenges FCA over annuity mis-selling
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.
Altmann challenges FCA over annuity sales practices
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.
Money Marketing Live debate – why annuities needed to change
Ros took part in a Money Marketing Live Webcast debate on the Budget 2014 pension reforms and the changes to the annuity market that will result
What Next for Annuities?
Ros explains why new annuity products are needed and the background to why Partnership needed to offer a new annuity product, which provides an enhanced annuity with a one year surrender option
One year annuities – suit providers not customers
Ros responds to the Treasury Select Committee report on the Budget pension changes, supporting calls for the FCA to be vigilant about providers acting in the customer interest and points out the shortcomings of the new one-year annuity products.
Council taxpayers could save £660m in local authority pension reforms
The DCLG is proposing reforms to the way local authority pension schemes invest which could save council taxpayers £660m a year – or more than 10% of the cost of council staff pension contributions, by pooling assets into Common Investment Funds to benefit from economies of scale and cut investment charges
Pensions Revolution – The flexible future
Ros gave the keynote address at the Pension Pioneers Forum in London and explained her views about the new pensions landscape, with its implications for accumulation, decumulation, providers and trustees.
Ros' evidence to Treasury Select Committee highlighted in The Herald
The Herald, Scotland, highlights Ros’ evidence to the Treasury Select Committee inquiry into the Budget pension changes where she expresses her belief that it is difficult to imagine average annuity rates worsening as a result of the change to compulsory annuitisation
Times Thunderer : At last we will trust people with their own money
The Times published a Comment piece from Ros welcoming the new Budget measures that will allow people to choose what to do with their pensions.