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

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    pensionsandsavings.com

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    Author: Ros Altmann

    Cridland State Pension age independent review: interim report.

    Cridland State Pension age independent review: interim report.

    Comments 2 comments

    13 October, 2016 Here are my thoughts and comments on the Cridland State Pension age independent review: interim report. As Cridland considers the options, Government has a chance to make State Pension policy fairer Consider extending number of years for full pension, rather just than raising state pension age Current system gives higher state pension to people healthy or wealthy enough to wait and work longer, but often disadvantages those with longest working lives or poor health Continually increasing State…

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    Time for a national inquiry into the impact of lower interest rates.

    Time for a national inquiry into the impact of lower interest rates.

    Comments 3 comments

    13 September 2016 Time for a proper national debate about the impacts of Monetary Policy Government should launch an inquiry into the effects of lower interest rates  Main points: QE was an emergency policy to stave off depression – it is a huge monetary experiment which must not be considered as ‘normal’ policymaking The latest round of rate cuts and QE may well have been a mistake – in August 2016 we were not facing economic collapse and the negative…

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    Unbelievable injustice – flaw in British law must be remedied urgently

    Unbelievable injustice – flaw in British law must be remedied urgently

    Comments 2 comments

    16 September 2016 Frightening flaws in UK law uncovered – urgent changes are needed British law allows firms to sue you without you knowing about it – this is an outrage Over 2000 people a day have Country Court judgements against them and have had no defence Have you ever moved house?  Have you ever sold a car?  Have you ever parked your car in a hospital or supermarket car park?  If so, it might be a good idea for…

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    Bank of England pension scheme shows dangers of QE

    Bank of England pension scheme shows dangers of QE

    Comments 3 comments

    12 September 2016 Bank of England’s own pension scheme highlights the problems of QE Bank says QE should make gilt owners rebalance portfolios into riskier assets – but BofE pension scheme isn’t doing this QE may not work as pension funds and insurers are constrained from taking more risk As QE worsens pension deficits and has pushed contributions to ruinous levels – Bank of England scheme requires employer contributions over 50% of salary The Bank of England has recently published…

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    Government must tell people that State Pension age will be 66 soon

    Government must tell people that State Pension age will be 66 soon

    Comments 9 comments

    11 September 2016 Government must make sure people know that by 2020 you won’t get your State Pension at 65 DWP should learn lessons from the failure to adequately inform women about past changes In four years’ time the State Pension Age will be 66 – DWP must publicise this properly By October 2020 the state pension age will be 66, so nobody reaching age 65 will get a state pension.  I am concerned that millions of men and women…

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    Ten reasons why investing in a pension fund can be better than investing in property

    Ten reasons why investing in a pension fund can be better than investing in property

    Comments 3 comments

    4 September 2016   PENSION PROPERTY 1 You get free money from employer – often a matching contribution to double your money No employer help with your property purchase 2 You get extra from tax relief – on top of an employer contribution can more than double your money No tax relief on money you use to buy property 3 No income tax to pay on income earned in a pension fund All rental income taxed 4 No capital gains…

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    Government must help savers – bring back guaranteed high interest bonds

    Government must help savers – bring back guaranteed high interest bonds

    Comments 2 comments

    9 August 2016 Monetary policy is not helping ordinary people and low rates may be doing more harm than good Ordinary savers are being hung out to dry and pension problems have worsened Government should issue more high interest 65+ guaranteed growth bonds – but for all age groups The latest decision by the Bank of England to cut base rate from 0.5% to 0.25%, as well as expanding Quantitative Easing by £60billion, is supposedly designed to boost the economy. …

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    Pension consequences of QE could undermine policy intent

    Pension consequences of QE could undermine policy intent

    Comments 2 comments

    4 August 2016 Further pain for UK pensions as QE worsens deficits and increases annuity costs Bank of England statement completely ignores pension impacts of its policies Estimates suggest deficits now approaching £1trillion – this cannot be sustainable Government needs to consider help for employers Today’s decision by the Bank of England to cut short-term interest rates and expand the QE programme is another blow for UK pensions.  Both defined benefit and defined contribution pensions have become more expensive as…

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    Clarifying my Thoughts on State Pension Uprating for the Long-Term

    Clarifying my Thoughts on State Pension Uprating for the Long-Term

    Comments 4 comments

    1 August 2016 My comments about the future of state pension uprating have certainly caused widespread debate. Unfortunately, they have also been grossly misrepresented.  I am sad about this because it has caused unnecessary upset to many pensioners and that would never be my intention. People don’t expect someone to comment on pensions policy with a long-term perspective: I don’t know if the mis-reporting has been because of a desire to have catchy, controversial headlines, but I think it is…

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    Triple lock for state pensions could move to a double lock

    Triple lock for state pensions could move to a double lock

    Comments 1 comment

    30 July 2016 Taking the politics out of pensions policy could start with the Triple Lock We must protect pensioner incomes – but a ‘double lock’ is better long-term policy Committing to a double lock could reduce need to keep raising state pension age Totemic political signals can prove difficult to undo but good policy needs courage It is vital that the UK Government protects pensioner incomes and ensures pensioners are treated fairly.  It is also essential that the State…

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