Ros is quoted by IPE pensions magazine, explaining the importance of having a separate funding regime for open defined benefit pension schemes, rather than forcing closed and open schemes to all chase top quality bonds (which don’t actually match their liabilities anyway and entail much higher costs for employers and members). ( link to pdf )
Wolf Street reports views from Ros and many fund managers about the problem of negative interest rates for pensions. ( link to pdf )
Professional Pensions magazine highlights the recent statements by financial Regulators that people should not make rash pensions decisions during the Corona virus crisis and Ros’ call for transfers to be put on hold is mentioned. (Subscription needed to view.)
Pensions Age reports on the Regulator’s decision to allow DB scheme pension transfers to be delayed by up to 6 months. ( link to pdf )
International Investment website carried Ros’ call for pension transfers to be put on hold for six months. ( link to pdf )
Ros is quoted by Professional Adviser magazine calling for a six month ban on pension transfers. ( link to pdf )
Professional Pensions magazine highlights the news that the Plumbing Pension Scheme has applied to the Scottish Courts to be permitted to use scheme assets to defend any challenges to its handling of the scheme assets and failures to collect past Section 75 debts from departing employers, despite statutory obligations to do so. ( link to pdf )
The Financial Times quotes Ros in its analysis of problems for Defined Benefit pension schemes and impact of ultra-low interest rates on pensions.
Amber Rudd gets tough on bosses who fail to fund pensions properly – Ros article in Yorkshire Post supporting her decision
Occupational Pension deficits are £190billion as pressure mounts on firms to increase funding for DB schemes ( link to pdf )