Pensions – Page 23 – pensionsandsavings.com

Defined Ambition Pensions

November 7, 2013 Ros Altmann Comments 0 Comment

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…

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Don’t lecture universities on their pension scheme

October 25, 2013 Ros Altmann Comments 3 comments

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…

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Time for change: Make pensions fit for 21st Century retirement

October 14, 2013 Ros Altmann Comments 1 comment

14 October 2013 TIME FOR CHANGE: Rethinking pensions and retirement Pension options not fit for the future as ‘low risk’ investments have become more risky and retirement becomes a process not an event Auto-enrolment pension funds not fit for the future: Retirement is changing, pensions need to change too. As auto-enrolment ensures millions of people are about to start saving in pension schemes at work, it is important to make future pensions fit future lifestyles. There is a real danger…

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Private pensions have become politicians’ piggy banks

September 11, 2013 Ros Altmann Comments 0 Comment

Here is my article in today’s CityAM http://www.cityam.com/article/1378855577/private-pensions-have-become-piggy-bank-spendthrift-states?utm_source=website&utm_medium=TD_opinion_right_col&utm_campaign=TD_opinion_right_col FIVE years after the collapse of Lehman Brothers, and the fallout from the financial crisis is far from over. Across Europe, private pensions have become a targets for politicians seeking to reduce the pressure to rein in spending and manage excessive debt after the crisis. While governments are encouraging or forcing citizens to participate in private pension schemes – with the aim of improving retirement incomes – they have not been able…

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Pole-axed Pensions – politicians raiding pensions again

September 10, 2013 Ros Altmann Comments 1 comment

10 September 2014 Financial crisis fallout once again hits pensions Polish Government confiscates private pension assets to improve public finances Politicians have found many ways to raid pension assets when times get tough I just thought I should put together a note following the sudden confiscation by the Polish government of all the bond holdings in Poland’s private sector pension funds last week. It seems to me that private pension savings are not safe in Europe and we need to…

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