• PENSIONSANDSAVINGS.COM

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

  • pensionsandsavings.com

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    Category: Savers and Savings Policy

    Private pensions have become politicians’ piggy banks

    Private pensions have become politicians’ piggy banks

    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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    Care crisis demands urgent action – savings incentives would help families prepare

    Care crisis demands urgent action – savings incentives would help families prepare

    Yet another report highlighting the scale of the social care crisis.  The research by NFU Mutual shows that older generations are increasingly facing crippling care costs in later life that they have not prepared for.  Families are finding that their lifetime savings are at risk if they become ill in the wrong way.  Those who have cancer or other illnesses that qualify for NHS treatment will have all their care covered by taxpayers.  Those unlucky enough to develop dementia or…

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    Blinkered Bank of England ignoring dangers of low rates as economy picks up

    Blinkered Bank of England ignoring dangers of low rates as economy picks up

    4  September 2013 Bank of England should take off its blinkers and look at the economic evidence Low rates are distorting economy – causing borrowers and savers to take too much risk MPC should consider a small rise in rates now As the Bank of England Monetary Policy Committee meets, I urge its members to look carefully at the evidence showing a stronger UK economy and start the process of increasing interest rates to more sustainable levels.  Ultra low interest…

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    If Savers are all doomed, so are the rest of us in the end

    If Savers are all doomed, so are the rest of us in the end

    August 18, 2013 at 7:27 pm I have just read a blog which once again suggests that those who save cannot expect returns because times are tough and everyone should expect to do badly at the moment.  The blog discusses its views on ‘Why @SaveourSavers are doomed’.  You can read it here: http://leftoutside.wordpress.com/2013/08/18/why-saveoursavers-are-doomed/ This is my response: Demands for higher interest rates are not necessarily demands for transfers from people in the future to people in the present. Indeed demands…

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    Savers – sacred cows or sacrificial lambs?

    Savers – sacred cows or sacrificial lambs?

    I have been engaged in a lengthy twitter engagement with @IzaKaminska and we have agreed to disagree.  Her first post on our debate was entitled ‘Savers are not sacred cows’ and can be found here http://dizzynomics.wordpress.com/2013/08/12/savers-are-not-sacred-cows-redux/. I feel her arguments and those of others with similar views, are important to air.  I fundamentally disagree with their analysis, but I may of course be wrong.  They contend that we are actually in a deflation and there is not really any inflation…

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