Ros points out that women could in theory now get 50% more pension than this time last year, but inflexible rules mean they can’t access more money yet
The Daily Telegraph published Ros’ views that annuity purchasers should receive advice, rather than paying high fees to brokers who offer no regulatory protection and no advice
Ros was interviewed by InvestmentSense magazine ‘In the Spotlight’ section. She explains her thinking that advice is essential for anyone considering buying an annuity
Ros was interviewed for the Yahoo website’s ‘Loose Change’ slot and explains some of the issues surrounding annuities
Pensioncalculator.org explains Ros’ concerns about people buying single life annuities and then leaving widows or widowers with nothing, especially if they die relatively young. This is particularly a problem for current retirees as women in their 50s and 60s have been very disadvantaged by the pensions system and are less likely to have their own provision.
Ros’ warnings about annuities being the biggest gamble many people will ever take were featured as the front page Splash in the Daily Mail.
Ros highlighted the problems facing annuity customers who cannot find out whether their annuity is good value or not, because firms refuse to publish the necessary information. Meanwhile, they can take in Â£100m free money from people’s pension pots each year for doing nothing.
The Sun featured Ros’ warnings about annuities being a big gamble.
Stock Market Wire featured Ros’ views on the risks of annuity buying in an article on their website.
Ros explains that annuities should not be considered as ‘safe’ long-term investments, because the capital is at risk. Nobody issues risk warnings to investors and she calls on regulators and trustees to do more to ensure customers are protected better.