UK - Trustees have been warned about the extra Data Protection Act burdens they face when running DC schemes.
Paymaster sales director Nick Wheeler said it was essential that trustees and administrators were aware of the differences in running defined benefit and money purchase schemes under the Act.
He said: “With DB schemes there is a lot of complex data which only has to be correct at the time of paying the benefit.
“With DC schemes the data has to be right 100% of the time.”
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.