• PENSIONSANDSAVINGS.COM

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

  • pensionsandsavings.com

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    Tag: pensions policy

    CDC New Style Pensions – What does it mean?

    CDC New Style Pensions – What does it mean?

    1 June 2014 Government is right to legislate to permit Collective Defined Contribution pensions but beware over-optimistic claims In theory, they are better for employers than traditional final salary and better for workers than traditional defined contribution In practice, they still suffer from market and actuarial risks and new pension freedoms may mean they are less attractive for members Lower earners may subsidise higher earners -Younger members may subsidise older members The Government is set to unveil another Pensions Bill…

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    Wouldn’t a 1% charge cap leave NEST out on a limb?

    Wouldn’t a 1% charge cap leave NEST out on a limb?

    OFT report into pension charges expected to propose a 1% cap How does that square with NEST’s 1.8% initial charge? NEST charging structure needs urgent overhaul as it can be poor value The long-awaited report from the Office of Fair Trading, assessing the charges levied on UK pension plans, is about to be released and is expected to recommend a cap on the charges for UK pensions probably of 1%. This recommendation would raise a number of issues.  It is…

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    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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    Pole-axed Pensions – politicians raiding pensions again

    Pole-axed Pensions – politicians raiding pensions again

    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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    Buying annuities is a big gamble

    Buying annuities is a big gamble

    12 August 2013 Buying an annuity is a gamble which can lose all your money – the income is ‘safe’, but your capital isn’t! Regulators not ensuring consumers understand the risks of annuities Defined contribution pension trustees must do more to look after retirees – explain benefits of ‘do nothing’ option for small pots Annuity purchase is a big gamble: Buying a standard annuity in your 60s, which is a relatively young age, is gambling on you staying fit and…

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    Auto-enrolment is going well, but it is only a start

    Auto-enrolment is going well, but it is only a start

    8 August 2013 DWP delighted auto enrolment opt-outs much lower than expected Treasury will have to budget for higher than expected tax relief! Encouraging progress in improving private pension coverage, but far more is needed – including annuity reform Auto-enrolment among largest firms has been successful in ensuring more people save in a pension: The DWP has released figures today showing that nine out of ten workers automatically enrolled into their employer’s pension scheme have decided to stay in.  It…

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