• PENSIONSANDSAVINGS.COM

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

  • pensionsandsavings.com

    The Autumn Statement – good to see inflation protection and triple lock promises honoured

    The Autumn Statement – good to see inflation protection and triple lock promises honoured

    Delighted to see Chancellor keeping the State Pension triple lock promise. Ensuring State Pensions and Pension Credit rise by 10.1% cpi for next year is the right decision.  I also welcome the inflation protection for all other benefits as inflation has soared.   Today’s fiscal statement will come as a big relief to millions of worried pensioners.  It is great to see that the Chancellor has decided to honour past commitments to uprate State Pensions in line with September’s 10.1%…

    Read More Read More

    Inflation increases for State Pension must be guaranteed right now – no more delay

    Inflation increases for State Pension must be guaranteed right now – no more delay

    Government must reassure pensioners immediately, right here, right now, that their inflation protection is guaranteed, no more uncertainty! It should be unthinkable to betray pensioners a second year running during a cost of living crisis.    Millions of pensioners are fearful and furious that their meagre state pension may yet again fall behind inflation and this is affecting their mental health.    Of course 21st Century Britain can afford inflation increases for the lowest State Pension in the developed world…

    Read More Read More

    Billions of pounds of pension money is languishing unclaimed – millions of pots are lost, which could be like buried treasure worth thousands of pounds for each person

    Billions of pounds of pension money is languishing unclaimed – millions of pots are lost, which could be like buried treasure worth thousands of pounds for each person

    The ‘Great Pension Treasure Hunt’ – find your old pensions.  National Pension Tracing Day is this Sunday 30 October.  Nearly 3 million unclaimed pension pots could be worth well over £20billion waiting to be found. National Pension Tracing Day – Sunday 30th October – aims to reunite people with their lost pensions to help them enjoy a better retirement. Many Britons are unaware they may have thousands of pounds that could help them boost their retirement funds as they battle…

    Read More Read More

    State pension must rise with inflation next year, no more betrayals or uncertainties

    State pension must rise with inflation next year, no more betrayals or uncertainties

    It should be unthinkable to betray pensioners a second year running during a cost of living crisis. Flip-flopping about protection for next year, after just 3.1% increase as inflation hits 10%, will create huge worries for millions of pensioners and undermines our social contract. Trust in Government would be lost if promises made in 2019, and confirmed recently by both the previous and present Prime Ministers, are broken – not all pensioners are well-off! Millions of pensioners rely on their…

    Read More Read More

    Bank of England needs to revise its thinking

    Bank of England needs to revise its thinking

    Bank of England needs to extend emergency gilt buying programme and suspend QT for now.  Pension funds and LDI are not the sole cause of the gilts crisis and should not be blamed.  Monetary policy and fiscal policy errors compounded pressures from actuarial advisors and Pensions Regulator.  To restore confidence, Bank of England is likely to have to extend emergency gilt market support.  Given the role of QE in undermining gilt market stability, Bank of England should announce it is…

    Read More Read More

    Bank of England measures and Government policy management

    Bank of England measures and Government policy management

    QT Tantrum – Bank of England u-turn to buy gilts shows its aim of £80billion gilt sales is unrealistic and likely to be far worse than 2013 US taper tantrum. Bank of England had to step in as UK pension fund margin calls – on top of international investor selling – meant there were no buyers. The QE experiment has left a dangerous legacy across the Western world, but the UK has suffered most due to collapsing international confidence about…

    Read More Read More

    Government must not betray pensioners again – millions live on far less than workers’ pay

    Government must not betray pensioners again – millions live on far less than workers’ pay

    State Pension inflation protection must be properly restored after broken promises this year, especially as all public sector workers and pensioners will get full cpi pension uprating.   Although public sector pay has not risen as much, public sector pension costs are around £50billion a year, a significant real terms deferred pay rise since 2010. UK State Pension increase was only 3.1% this year, despite earnings and prices rises rocketing twice as much, and UK State Pension is the lowest in…

    Read More Read More

    A quarter of pre-retirees plunged into poverty by increased State Pension Age to 66

    A quarter of pre-retirees plunged into poverty by increased State Pension Age to 66

    Shocking findings show State Pension Age rise leaves a quarter of 65 year olds in poverty. 100,000 more people were pushed into poverty as State Pension Age rose to 66, but only 60,000 managed to work longer. Government should rethink State Pension policy to reflect near 20-year difference in healthy life expectancy between better-off and least-advantaged groups.  State Pension Age review should consider more flexibility in starting ages to account for ill-health, disability, long contribution records or caring.   Shocking findings…

    Read More Read More

    PensionWise stronger nudge is only a start, more will be needed to protect consumers

    PensionWise stronger nudge is only a start, more will be needed to protect consumers

    Low PensionWise take-up still leaves people at risk of taking money out too soon, paying unnecessary tax and buying unsuitable or scam products. The free impartial guidance service was set up to help people make the most of their pensions after Pension Freedoms and works well but has not been promoted by providers. Only sending customers to PensionWise after they’ve already decided to withdraw money is too late – ideally they need this around age 50. Stronger nudge rule for…

    Read More Read More

    Pension Credit take-up campaign is very timely as pensioner poverty is rising

    Pension Credit take-up campaign is very timely as pensioner poverty is rising

    Delighted to see another campaign trying to help poorest pensioners claim the money they need and are entitled to by improving Pension Credit take-up. Pension Credit (which could be re-named ‘Pensioner Top-up’) has lowest take-up of all means-tested benefits, with over a third of those entitled failing to claim since 2010. Official figures suggest unclaimed Pension Credit means pensioner households missing out on an average £1600 a year. As inflation soars, this failure will increase pensioner poverty from last year’s…

    Read More Read More

    Page 1 of 34
    1 2 3 34