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.
The DCLG is proposing reforms to the way local authority pension schemes invest which could save council taxpayers Â£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
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.
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
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.
The Daily Express carried a Comment piece from Ros welcoming the new freedoms for savers and pensioners.
Ros explains why the 2014 Budget measures are so significant for pensions and savings and will be both popular with the public and also bring in extra revenue for the Chancellor.
The Sunday Post supported Ros’ views that the Chancellor needs to ensure the Budget works well for savers and improve the flexibility of ISAs and pensions.
Ros discusses the latest release from the Association of British Insurers which outlines ways in which it proposes to improve its practices for selling annuities. She believes the media pressure has had an impact but the measures being promised are inadequate and being introduced too slowly anyway.
Ros wrote an article for CityAM expresses concerns that the FCA review shows the failings of the annuity market but is still not addressing them