• PENSIONSANDSAVINGS.COM

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

  • pensionsandsavings.com

    Browsed by
    Category: Savers and Savings Policy

    Loss of confidence in capitalism, economic policy and democracy

    Loss of confidence in capitalism, economic policy and democracy

    25 September 2017 Based on my letter published in the Financial Times 22 September. Recent political events demonstrate disaffection with conventional politics. The votes for Brexit, Trump, Macron and far-right nationalists in Germany and other EU countries have been a shock to the established order. Questions are asked as to whether the sudden surge in populism represents a loss of confidence in capitalism, economic policy and democracy. Unconventional monetary policies may have played a role in the rise of populism…

    Read More Read More

    Election Manifesto for older voters – 6-point plan for reform

    Election Manifesto for older voters – 6-point plan for reform

    20 April 2017 Help poorer pensioners, older women and families facing elderly care Radical overhaul of social care to ensure fairer system for all – a crisis worse than pensions State Pension triple lock could move to a double lock, increasing by prices or earnings Double lock should apply to Pension Credit so poorest pensioners are protected properly Improve pension outcomes for women – private pensions, State Pensions and WASPI Reform pensions tax relief to give everyone a 33% Government…

    Read More Read More

    Lifetime ISA launch – BEWARE

    Lifetime ISA launch – BEWARE

    5 April 2017 Launch of Lifetime ISAs – don’t be fooled Hardly any providers offering LISAs – probably due to complexity and mis-selling risks Mixing house purchase and pensions will damage ISA brand LISAs may be good for first time buyers, but dreadful for retirement – saving for house deposit very different from long term investment for retirement Trying to turn pensions into ISAs undermines young people’s pension prospects Why not just improve the Help To Buy ISA and leave…

    Read More Read More

    Budget Comments

    Budget Comments

    8 March 2017 Another missed opportunity to start addressing social care No new incentives for social care savings and radical reform proposals pushed into Green Paper later this year No proper help for savers – new NS&I bond pays interest rate lower than inflation, so savers lose money Costs of public sector pensions will rise sharply, by nearly 40% between 2015 and 2020 Self employed bearing brunt of tax rises to pay for other measures Addressing Social care crisis: Extra…

    Read More Read More

    Pensions are in mortal danger – beware

    Pensions are in mortal danger – beware

    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…

    Read More Read More

    Is Government going to introduce saving incentives for social care?

    Is Government going to introduce saving incentives for social care?

    14 December 2016 Jeremy Hunt is right we need for private savings to help fund care crisis There’s no one solution but private savings must be part of the mix Care costs much higher for older women than older men Government can introduce tax incentives to help families save for care costs Care ISAs, Workplace Saving Plans, Eldercare vouchers, Family Care Saving Plans free of Inheritance Tax Consider using auto-enrolment and free Guidance to kick-start care savings as part of…

    Read More Read More

    Autumn Statement has a bit of good news for savers

    Autumn Statement has a bit of good news for savers

    23 November 2016 Autumn Statement is missed opportunity to address social care crisis State Pension triple lock seems under threat Chancellor confirms intention to ban pension cold calling The Chancellor’s Autumn Statement had no real surprises for pensions or savers.  There are some tweaks to pension rules, but the biggest disappointment for me is that there is no acknowledgement of the social care crisis.  The Chancellor started by saying the aim of his budget is to prepare and support the…

    Read More Read More

    Great news on Chancellor banning cold calling and protecting pensions better

    Great news on Chancellor banning cold calling and protecting pensions better

    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…

    Read More Read More

    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

    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…

    Read More Read More

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

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

    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…

    Read More Read More

    Page 1 of 3
    1 2 3