Industry

The new NAPF chairman has set out four "big steps" the industry needs to take to build a better pensions system.

Almost half this week's respondents backed calls for mandatory qualifications for professional trustees.

This week respondents support the idea of qualifications for professional trustees, back calls to let members use funds for long-term care, and say actuaries will always find a role in pensions.

There was strong support for the idea of letting scheme members use some of their pension pot to pay for the cost of long-term care in retirement.

Research by the National Association of Pension Funds (NAPF) shows that while employers welcome auto-enrolment (AE) complex regulations prohibit them providing more than the minimum requirement.

Trustee boards should not try to cut back on their advisers' fees as it is a false economy and affects goodwill, the head of BP Pension Trustees Limited says.

Trustees must prioritise addressing their liabilities rather than focusing on assets, Aon Hewitt says.

Fidelity Worldwide Investment has reached an agreement to acquire the entire share capital of Annuity Direct and its holding company Retirement Angels.

Just Retirement has announced its plans to float on the London Stock Exchange.

Jack Jones looks at why defined ambition needs to succeed