pensionsandsavings.com

  • PENSIONSANDSAVINGS.COM

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

    • pensionsandsavings.com

    pensionsandsavings.com

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    Category: Pensions

    Despite advances in equality, there’s still huge gender divide in pensions and care

    Despite advances in equality, there’s still huge gender divide in pensions and care

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    6 March 2017 International Women’s Day celebrates women’s progress but more to do Too many women still losing out in pensions relative to men National Insurance still penalises women – including in State Pensions Lower lifetime earnings leave women with lower private pensions too – older women particularly at risk Older women have achieved improved equality, pay and maternity rights for today’s younger women:  As we celebrate International Women’s Day on March 8th, spare a thought for current cohorts of…

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    Brilliant News – BHS Deal Helps 19,000 Members Get Better Pensions

    Brilliant News – BHS Deal Helps 19,000 Members Get Better Pensions

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    28 February 2017 Well done to the Pensions Regulator – £360m deal to support BHS scheme Members will get much more than PPF while Sir Philip pays up for future pensions Regulator has worked hard to secure good structure for the deal as well as significant extra funding I am delighted that the Pensions Regulator has managed to agree a deal with Sir Philip Green that secures over £360m for the BHS pension scheme and takes members back out of…

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    State Pension Age and Triple Lock

    State Pension Age and Triple Lock

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    28 February 2017 Triple lock will lead to extra unfair rises in State Pension Age  Work and Pensions Select Committee is right to call for earnings and inflation link instead of triple lock  Continually raising State Pension age disadvantages vulnerable older people  Politicians hide behind triple lock but it does not protect pensioners properly anyway  Keeping triple lock in future gives more money to better off and younger pensioners Raising State Pension Age disadvantages vulnerable groups: Raising the state pension…

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    Defined benefit pension schemes Green Paper

    Defined benefit pension schemes Green Paper

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    20 February 2017 DWP seems rather complacent about sustainability of UK Defined Benefit pension schemes Nearly 90% of schemes are closed and Government needs proper planning for members in future years Burdens of Defined Benefit schemes will increasingly put younger workers’ pensions and jobs at risk Using annuity costs as a yardstick is unreasonable, unaffordable and unsustainable for most schemes Complacency based on short-term view: The DWP has today produced its long awaited Green Paper on the affordability of Defined…

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    Pensions are in mortal danger – beware

    Pensions are in mortal danger – beware

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    4 January 2017 UK private pensions are in mortal danger – their huge benefits seem under threat Anyone who cares about pensions should be very, very worried Latest Treasury info doesn’t mention pensions when educating the public about retirement saving Future generations face worse later life income if Treasury succeeds in undermining pensions ISAs are sub-optimal way to provide for later life and will saddle future Government with rising pensioner poverty – pushing more costs onto the young Now is…

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    The triple lock trick

    The triple lock trick

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    4 January 2017 Oldest and poorest pensioners are not protected properly by triple lock as it only protects two parts of State Pension Triple lock has kicked in for 2017/18 as earnings and prices rose by less than 2.5% but pensioners deserve proper protection, not just political gimmicks  Keeping triple lock in future gives more money to better off and younger pensioners  Healthier and wealthier pensioners get £200 a week State Pension by deferring while poorest and oldest get much…

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    A pension scandal ruining good people’s Christmas

    A pension scandal ruining good people’s Christmas

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    23 December 2016 Major pension scandal destroying people’s lives Family plumbing firms face financial ruin due to flawed pension laws but big firms walk away Good employers, who’ve paid their contributions properly into an industry-wide plumbers pension scheme, face personal bankruptcy by pension rules The law forces them to pay for pensions of thousands of workers who never worked for them – 400 employers saddled with debts for 4000 others Some are on the brink of nervous breakdowns or worse…

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

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

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    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…

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    Great news on Chancellor banning cold calling and protecting pensions better

    Great news on Chancellor banning cold calling and protecting pensions better

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    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…

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    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

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    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…

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