PP research shows stark opposition to reduction of tax relief.
This week 80 respondents took part in Pensions Buzz and answered questions about tax relief, national retirement targets and biometrics.
An overwhelming majority, 79%, was against any cut in tax relief for older workers to support a cut in national insurance for the young.
Respondents argued that the proposal would be a form of age discrimination and feed into the narrative of bashing baby boomers.
A commentator said: "Age is not a yardstick; it's earnings that are important in this, as many high earners, in the City for example, are young. Also older people need the relief because they have less time left to accumulate sufficient for a decent pension. Where such crazy ideas come from I don't know!"
Another asked: "I've got a much better and far more lucrative idea - why not cut the tax relief for men to fund tax cuts for women? But that's sex discrimination, I hear you cry! So why isn't cutting tax relief for ‘older workers' to fund tax cuts for ‘younger workers' age discrimination?"
However 14% thought the proposal had merit but noted the political cost to the government if it went ahead with the policy.
"Although like Peel and the Corn Laws it will cost the Tories votes and power," said one.
Another said it would only happen if there is a Labour government.
Just under two thirds, 65%, believed the government needs to get behind the dashboard to ensure it succeeds.
Compulsion is needed to ensure providers and trustees deliver data to the dashboard on time.
A pundit said: "It will need government support to get providers and trustees to provide the information. On top of that, the main piece of pension information is under their control - the state pension, as well as public sector pension schemes."
Ultimately a dashboard would only be as good as the coverage it delivered and government needed to ensure that happened, another added.
Yet 15% disagreed and dismissed the idea of government involvement as positive.
One respondent said: "An attempt to compel companies to be a part of this dashboard idea must be fought by all. The government still haven't been able to provide details of the state pension on a dashboard yet and they get to change that any way they like. We would have to spend a fortune to standardise the whole group's pension systems just so the ABI and its members can pester people to transfer. No thanks!"
One in five was undecided.
A few FTSE100 defined benefit schemes will fall into the Pension Protection Fund (PPF) if there is a recession within five years according to 52%.
One argued that, based on the last recession, the industry will see banks supporting zombie businesses to keep their balance sheets afloat.
Another said: "While a recession may cause (some) FTSE100 companies to fail, that doesn't mean that many schemes would go into PPF. An intermediate solution may well be found that keeps schemes out of the PPF with members receiving better benefits than PPF as a result."
Meanwhile one in six believed many schemes will fall into the lifeboat fund as lot of plans "are on a knife edge" and it would not take much to "push them over" into the PPF.
One in ten 10% said a recession would have little impact and 22% said they did not know.
"Recession in this country would have very little effect upon the profitability of FTSE100 companies who derive the vast majority of their income and profit overseas," said one.
Under half, 45%, were sceptical of the idea that trustees should take an interest in the use of biometrics.
The proposal which has been made by the Pensions Administration Standards Association was described as as "another hare-brained PASA idea" by one respondent.
Another asked: "What on earth is the point? There is so much fraud in pensions today, especially as a result of the pension freedoms, that this is the least of trustees' and pensioners' worries!"
Another wondered who will pay for this in a mature industry in long-term decline. "Apps are a better focus with mobile phone technology implicitly building in biometric security," the same person continued.
A different respondent argued that responsible trustees do not need directives disguised as guidance from bureaucrats.
However 17% thought the idea had merit albeit with qualifications.
"If it helps with the decision making progress then it is fine but not to be used as the yardstick," said one.
Some 38% said they did not know as they were unsure what biometrics is.
Under half, 45% were sceptical that retirement targets suggested by the Pensions and Lifetime Savings Association (PLSA) would get people to save more.
While a good idea the industry would fail to communicate targets to the public properly and it would therefore fail, it was argued.
A commentator said: "I wish I could answer 'yes' but I can't. We need to address the whole culture of saving and accepting responsibility for ourselves rather than this ridiculous dependence upon the state, which has proven time and again to be an extremely inefficient manager of resources."
Retirement targets would be useless unless people were taught how to reach them, another added.
Conversely 25% replied that retirement targets would get people to save more but only marginally and would need to be tied into other campaigns to really work.
"Any and all national initiatives to engage with the public in a new way to encourage additional saving must be positive," said one.
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