Ros comments on the IFS study which suggests people born in the 1960s and 2006s are worse off than previous generations at that age. She points out that the IFS says these cohorts did have higher earnings in their early adult years but chose to spend rather than save their money. This means they may need to work longer to make up for longer lives and lower saving.
Ros submitted a response to the DWP consultation on pension fund charges
Ros explains why she believes that driving down charges too far could dumb down pensions and that controls on annuity charges and value for money is far more important than whether AMCs are 0.5% or 0.75%.
Ros’ views on pension charge caps were written up by Stock Market Wire and explain why Ros believes the obsession with driving down AMCs may have gone too far.
Ros explains how the annuity market is failing millions of potential widows, whose husbands do not understand the implications of buying a single life annuity
This is a transcript of Ros’ contribution to the Westminster Forum Panel Session on Annuities at which she gave her views on how the market is not working for the customer.
Ros wrote a major report sponsored by MetLife Insurance which highlights what has gone wrong with UK Defined Contribution pensions and how they need to change to fit 21st century realities. Niether the accumulation nor decumulation products are fit for modern lifestyles.
Simon Read of the Independent supports Ros’ calls for people to be given proper risk warnings before they buy annuities since they can lose all their money.
Ros wrote a Foreword for the ‘WhatInvestment Guide to Income Drawdown’, explaining the risks of annuity buying and why Income Drawdown should be considered by many
Ros was interviewed on Citywire iplayer and explains (from 3 minutes in) how the annuity market is failing many customers