pensionsandsavings.com

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

    • pensionsandsavings.com

    pensionsandsavings.com

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    Category: Pensions

    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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    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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    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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    The BHS Pension Scheme – a Q & A

    The BHS Pension Scheme – a Q & A

    Comments 3 comments

    25 July 2016 BHS could have obtained Clearance from Pensions Regulator before selling the company with its massive pension deficit Employers must not treat pension liabilities as optional – they have people’s lives attached Pensions Regulator has power to force previous owners to pay huge sums The Select Committees’ Report on the collapse of BHS makes distressing reading.  The whole sorry saga has highlighted poor practices by many of the parties involved, but we must not forget that it is…

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    Pension Protection Fund Cap

    Pension Protection Fund Cap

    Comments 1 comment

    20 July 2016 Government must stop denying fairer pension compensation to long-serving staff of failed firms Regulations are ready and DWP should lay them immediately Further delay in increasing Pension Protection Fund cap is a major injustice to those affected Small numbers of people but to each one this is hugely important   No justification for further Government delays to Regulations for loyal, long-serving pensioners: It is very disappointing that the DWP has failed to lay the Regulations that will…

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    Pensions are too important to downgrade

    Pensions are too important to downgrade

    Comments 2 comments

    18 July 2016 Potential dangers ahead for pensions if responsibility moves from DWP to Treasury Could be threats to auto-enrolment Must continue to address employer challenges in funding Defined Benefit schemes It would seem that the role of Pensions Minister is being downgraded by the new Government. What does that mean? At the moment, we just don’t know, however it could be that this poses threats to future pensions and we must be alert to the dangers.  Pensions are vital…

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