• PENSIONSANDSAVINGS.COM

    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

  • pensionsandsavings.com

    Is Government going to introduce saving incentives for social care?

    Is Government going to introduce saving incentives for social care?

    14 December 2016 Jeremy Hunt is right we need for private savings to help fund care crisis There’s no one solution but private savings must be part of the mix Care costs much higher for older women than older men Government can introduce tax incentives to help families save for care costs Care ISAs, Workplace Saving Plans, Eldercare vouchers, Family Care Saving Plans free of Inheritance Tax Consider using auto-enrolment and free Guidance to kick-start care savings as part of…

    Read More Read More

    Political courage needed for social care solutions

    Political courage needed for social care solutions

    12 December 2016 Action to address care crisis cannot wait any longer – need a 21st Century revolution Britain’s welfare state has never included social care – time for a rethink Social Care system dates back to poor laws principles from the 1800s Ultimately, National Insurance or tax will need to cover care funding All parts of the system are failing and Government has not yet offered solutions Private and employer provision can also help – such as Care ISAs,…

    Read More Read More

    Tata Steel – what happens to the British Steel Pension Scheme?

    Tata Steel – what happens to the British Steel Pension Scheme?

    7 December 2016 Common sense prevails at British Steel – jobs secured But not clear what will happen to British Steel’s 130,000 member pension scheme New pension scheme seems generous compared to average UK schemes nowadays But Tata says old British Steel scheme will be ‘de-risked’ and ‘de-linked’ – could mean going into the PPF or could mean standalone Ongoing negotiations with the Pensions Regulator likely and no details yet available  Saving jobs is so important for South Wales:  It…

    Read More Read More

    Autumn Statement has a bit of good news for savers

    Autumn Statement has a bit of good news for savers

    23 November 2016 Autumn Statement is missed opportunity to address social care crisis State Pension triple lock seems under threat Chancellor confirms intention to ban pension cold calling The Chancellor’s Autumn Statement had no real surprises for pensions or savers.  There are some tweaks to pension rules, but the biggest disappointment for me is that there is no acknowledgement of the social care crisis.  The Chancellor started by saying the aim of his budget is to prepare and support the…

    Read More Read More

    Hammond could be first Chancellor to help families with social care saving incentives

    Hammond could be first Chancellor to help families with social care saving incentives

    20 November 2016 Hope Chancellor’s Autumn Statement will address one of biggest social issues of our time Philip Hammond needs to introduce incentives to help people prepare for care Massive failure of political courage by previous Chancellors and a betrayal of British families Britain has been sleepwalking into a social care crisis – it’s time to wake up! Billions set aside for pensions – but virtually nothing to help fund later life care Let’s have Care ISAs, employer care saving…

    Read More Read More

    Great news on Chancellor banning cold calling and protecting pensions better

    Great news on Chancellor banning cold calling and protecting pensions better

    19 November 2016 Treasury set to ban pension cold calling in Autumn Statement Well done Philip Hammond – this is a great start to help clamp down on scams Clear signal for people that such calls are illegal so they should Just Hang Up or delete email Further measures to stop scam schemes setting up and clamp down on transfers also welcome We must do all we can to protect people’s precious pension savings and this is a positive step…

    Read More Read More

    Chancellor should think again on Lifetime ISA before the next mis-selling scandal happens

    Chancellor should think again on Lifetime ISA before the next mis-selling scandal happens

    14 November 2016 LIFETIME ISA TO BE NEXT BIG MIS-SELLING SCANDAL – CHANCELLOR MUST THINK AGAIN Providers beware – don’t sell this product carelessly, it could come back to bite you! FCA rules should require advice, suitability checks and risk warnings before providers sell this Pensions are best for retirement saving – right behavioural incentives to keep money for old age Lifetime ISA could snatch defeat from the jaws of victory as pension coverage rises Lifetime ISA won’t last a…

    Read More Read More

    Triple lock state pensions

    Triple lock state pensions

    6 November 2016 State Pension should move to a double lock from 2020 – 2.5% guaranteed rises make no sense Triple lock was introduced for political reasons but 2.5% inflates long-term costs  Double lock can protect pensioners properly against rises in earnings or prices  Must not increase means-testing of State Pension as that would undermine private saving The State Pension triple lock is promised until 2020 – after that, the law only requires earnings increases. However, because the triple lock…

    Read More Read More

    BHS Pension Scheme

    BHS Pension Scheme

    3 November 2016 COME ON SIR PHILIP, JUST KEEP TO YOUR WORD AND PAY UP WHAT IS NEEDED Pensions Regulator is right to pursue BHS owners on behalf of pension members You don’t tell the Regulator what you think is the right amount, the Regulator tells you! Two important BHS questions have not been answered: Why did Sir Philip not get Clearance before selling BHS? How did both he and Dominic Chappell believe the half billion pound pension debt was…

    Read More Read More

    Pension Scams

    Pension Scams

    31 October 2016 Nobody likes to hear about pensioners being mugged, or robbed of their life savings.  Unfortunately, thousands of older people have suffered such indignity at the hands of pension scammers.  It is time the Government took this issue seriously.  There are no easy answers, but a ban on cold-calling would certainly help. Most pension scams start with a cold call, someone phoning or emailing out of the blue, offering a free ‘pension review’ or an exciting investment opportunity…

    Read More Read More

    Page 5 of 20
    1 3 4 5 6 7 20