bank of england – pensionsandsavings.com

Bank of England staff pensions immune from problems facing other workers

November 3, 2014 Ros Altmann Comments 3 comments

3 November 2014 Bank of England 2014 pension contributions are over 50% of salary Pension scheme only invests in UK bonds and offers generous pensions Members do not have to contribute, all costs met by Bank of England, even in auto-enrolment How many other employers could afford to contribute an extra 50% for their staff’s pensions? Latest figures show Bank of England pension scheme generosity: In case you missed it, the Bank of England’s latest Financial Statement for its staff…

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

September 4, 2013 Ros Altmann Comments 3 comments

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…

Following the Bank of England’s statement

August 7, 2013 Ros Altmann Comments 0 Comment

7 August 2013 Three more years of misery for savers and pensioners Rates remaining at emergency levels whilst there is no emergency Relying on borrowing and house price inflation to drive growth is how we got into the crisis Anyone approaching retirement and potentially buying an annuity, anyone running a pension scheme and anyone saving for their future will have been disappointed by today’s masterly statement from Mark Carney, potentially promising three more years of emergency, ultra-low, interest rates. The…