Daily Telegraph quotes Ros highlighting that public sector pensioners – who have both State and work pensions – have legally watertight inflation protection while pensioners relying only on State Pensions are left worrying year to year if their meagre income will be protected properly.
Ros is quoted in the Daily Telegraph calling for State Pensions to be protected against inflation during the cost of living crisis – especially as public sector pensioners enjoy full cpi uprating which is paid on top of their State Pension.
Ros was quoted in the Daily Telegraph explaining how valuable public sector pensions are and the differential between limited price indexation for private sector pensions, while unfunded public sector schemes give uncapped protection – however high cpi goes, pensions rise the same amount.
Ros is quoted in the Daily Telegraph explaining that public sector workers’ pensions will be fully inflation protected through the current inflation crisis, but private sector workers have little or no protection to cope with such high inflation rates.
Ros is quoted by MailOnLine and Daily Mail’s Money Mail, about the much more generous tax treatment for public sector and final salary-type pensions, than for private sector Defined Contribution schemes and calls for reform of the Lifetime Allowance. ( link to pdf )
Daily Mail article on Ros release about the UK state pension being the lowest in the developed world but still needing to be cut further, even if pension age rises to 71 for all under 20s
Scottish Daily Record reports Ros’ thoughts on the State Pension timebomb
Ros spoke at a conference for AquilaHeywood to LGPS members and trustees about the new world for pensions, challenges for DB schemes and investment.
Daily Telegraph Comment piece by Richard Dyson discussing the generosity of the Bank of England’s pension scheme and Ros’ comments.
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