• PENSIONSANDSAVINGS.COM

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

  • pensionsandsavings.com

    Browsed by
    Category: Pensions

    Polish pension confiscation – a threat to funded private pensions or a one-off?

    Polish pension confiscation – a threat to funded private pensions or a one-off?

    Pensions pole-axed with hardly any fuss! Polish Government transfers long-term private pension assets to help short-term public finances As former Finance Minister denounces pre-funding of pensions as too ‘costly’ is this a fundamental challenge to all funded pensions and what safeguards could help? The Polish government’s confiscation of private pension assets has gone ahead almost unnoticed. Eur36 billion of Polish Treasury bonds held by Poland’s second pillar of mandatory private sector pension funds (called OFE), comprising more than half the assets…

    Read More Read More

    Pension charges – don’t be lulled into a false sense of security

    Pension charges – don’t be lulled into a false sense of security

    18 February 2014 DWP report on pension charges shows importance of introducing a cap Workers in small firms need protecting from rising charges as small funds pay higher fees Labour TER cap for new schemes makes sense but don’t set too low initially NEST reforms needed – and AMDs should be banned Summary DWP report on pension charges shows large schemes have lowest charges As auto-enrolment spreads to smaller firms, their workers need protecting from high fees Labour is right that…

    Read More Read More

    Pensions crisis is even worse for women than men

    Pensions crisis is even worse for women than men

    24 January 2014 TPAS report shows pensions crisis is worse for women than men Women are second class citizens when it comes to pensions Women in their late 50s or older have lost out most in both state and private pensions Many women do not yet know their state pension age is rising – Government needs to inform women urgently about state pension changes Women lose out most in both state and private pensions:  The Pensions Advisory Service (TPAS) Survey,…

    Read More Read More

    Rising pressure for proper pension reform – Money Mail joins calls for fairer pensions

    Rising pressure for proper pension reform – Money Mail joins calls for fairer pensions

    22 January 2014 Pressure for pension reform really building up A great chance for consumers to get better value pensions Policymakers and the pensions industry need to wake up to the problems and act now Today, the Daily Mail’s Money Mail has begun a campaign for better and fairer pensions. The pressure on the pensions industry is building up as another national newspaper launches a manifesto for change that would ensure far better value for customers.   http://www.thisismoney.co.uk/money/pensions/article-2543615/5-radical-steps-stop-great-pensions-rip-off.html?ICO=most_read_module How long can…

    Read More Read More

    Pension charge caps

    Pension charge caps

    17 January 2014 Steve Webb is right to delay introduction of charge cap – 2014 was too soon Cap new scheme charges to protect smaller firms’ workers but leave legacy schemes till after 2018 – and reform NEST charges to allow proper comparison Capping annuity charges is far more important anyway! Sensible decision to delay charge cap:  It is good to see that Steve Webb has decided to delay introducing a cap on the charges paid by workers in auto-enrolment pension schemes. …

    Read More Read More

    Pensioner benefits – don’t axe them, tax them

    Pensioner benefits – don’t axe them, tax them

    6 January 2014 Pensioner benefits – Don’t axe them, tax them Consider changing the age of entitlement, rather than means-testing  Pensioner benefits becoming a political football:  The furore over pensioner ‘benefits’ is hotting up.  As the number of UK citizens reaching state pension age soars, the cost of paying National Insurance pensions was always bound to rise.  There is a political backlash against pensioner payments, but it is important to consider this issue carefully.  Rather than using pensions as a…

    Read More Read More

    Rising state pension age is not a penalty on the young

    Rising state pension age is not a penalty on the young

    5 December 2013 Rising state pension age is not a penalty on the young – it’s an opportunity to embrace a new type of retirement  Retirement needs to change – it is not an aspiration to live on a state pension for over 30 years! There is much angst this morning about the Chancellor’s suggestion of increasing state pension ages for younger generations.  Quite frankly, the concerns seem based on out of date ideas about the nature of state pensions and retirement. …

    Read More Read More

    Pension fund charges – important issues

    Pension fund charges – important issues

    28 November 2013 Pension fund charges – don’t get obsessed with lowering charges too far, too fast Difference between 0.5% and 0.75% AMC equates to about 5% of final pension fund over 46 years – People lose far more than this when buying poor annuities which have no controls at all Cap new scheme charges to protect smaller firms but leave legacy schemes till after 2018 – and reform NEST charges to allow proper comparison As the Government’s consultation on pension scheme…

    Read More Read More

    Defined Ambition Pensions

    Defined Ambition Pensions

    7 November 2013 Government trying to offset decline of Defined Benefit pensions with Defined Ambition DA aims to be a more flexible half-way house between DB and DC – but with hard guarantees Government trying to find ways to offset falling state pensions But guaranteed pensions in private sector are still risky – while public sector remains protected Demise of private sector final salary schemes reduces future private sector pensions:  The UK once had a private pension saving system that was the…

    Read More Read More

    Don’t lecture universities on their pension scheme

    Don’t lecture universities on their pension scheme

    25 October 2013 Universities Pension Scheme scaremongering is overdone Classic example of damage to pensions from QE USS is not a closed scheme, so it is unfair to compare it with most other UK schemes Its funding position is being well managed and it should not be panicked by exceptional interest rate environment USS scare stories overdone:  Scare stories today about the black hole in the USS Pension Fund (Universities Superannuation Scheme) are overly negative.  This huge pension scheme, with…

    Read More Read More

    Page 10 of 11
    1 8 9 10 11