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.
Ros calculates that the failure of couples to buy joint life annuities may result in 250,000 widows or widowers each year at risk of being left with nothing when their partner dies.
Pensions World publishes Ros’ views of the risks to widows and widowers in current annuity markets, with reform focussing on getting the best rate, rather than buying the right product.
Video recording of Ros’ presentation at Wealth at Work’s Seminar, giving the consumer perspective on Retirement Income Options for 21st Century.
Ros spoke at a Wealth at Work seminar about Retirement Income Options and how consumers need help in assessing what is most suitable for them.
Ros was on Radio4 Moneybox explaining some concerns about whether the FSA’s latest thematic review of annuity sales will go far enough to really protect customers properly.
Ros explains why the FSA review of annuities is welcome but must look at more than just shopping around for a better rate, it is vital that customers get the right kind of annuity too.
Ros wrote an article for the Mail on Sunday warning that the new rules for Income Drawdown have resulted in another pension scandal, with pensioners being deprived of their own money just because annuity rates – which they never wanted to be involved in – have fallen.
Ros comments on the FSA’s recommendations that investment return forecasts for pensions should be lowered to become more realistic – better late than never!