Pensions Buzz peers agreed with pensions and financial inclusion minister Guy Opperman and former shadow chancellor Ed Balls that now might be the time for a fresh commission.
This week's 93 respondents also answered questions on trustee pay, auto-enrolment rate hikes, and standards of professional trusteship.
Over half (53%) of this week's 93 Pensions Buzz respondents said they think there should be a new independent pensions commission. One said it should be permanent, while another said there should be a moratorium on further legislation until its conclusions are published.
It comes as pensions and financial inclusion minister Guy Opperman indicated his support for this, as the government seeks to understand how to progress pensions policy in a wide range of areas.
One respondent said the commission should be "free from any political involvement or interference".
Another said: "Yes, some independency, continuity and consistency of approach with a longer-term view would be much appreciated."
However, a third disagreed. One said it would waste more time, and another did not see what a fresh commission would add.
A further pundit agreed, adding that "government pension bodies will always have a significantly louder voice".
Some 14% were unsure, with one questioning what the terms of reference would be and how it would sit within the governance structure.
Some 63% of respondents said the £20,384 average pay for remunerated non-chair trustees is about the right level. One respondent said this is about right so long as the trustee will be working for no more than a handful of schemes.
Another said: "The role of a trustee should not be underestimated and should be adequately rewarded."
Under a third (30%) said trustee remuneration is too high. Some said it depends on various factors, with one noting the size of the scheme, and another saying it depends on the figures were for a sole professional trustee or an average of a number of trustees on the board. A further respondent said it depends on the number of meetings, and the value added by the paid trustee.
Meanwhile, another commented: "If this is the average then presumably some are paid a lot more. [They should be paid] at most £1,000 per month; this role is indeed a very responsible one, but should be done on modest remuneration - not jobs for the boys or retired executives etc."
Just 7% said it is too low.
Half of respondents said that if auto-enrolment contributions were to be increased again from 5% minimum employee and 3% minimum employer contributions they should be set at the same rate for employee and employer.
Minimum contributions were increased to a total of 8% from 5% in April. The Pensions and Lifetime Savings Association says this could rise to a total of 12% by 2030, equally split between employer and employee.
One respondent said that equalising would be a "good start", while another said "fairness is key".
However, 41% disagreed, with one suggesting contributions should be set at a third from employees, and two thirds from employers. Many argued employers should pay more. Under UK rules, employees pay 2% more than employers.
One noted the reason employers should pay more is because contributions "should be more than just a nominal amount that employers should have to pay to meet the criteria". The same pundit added: "The contributions should be sufficient for most members to be provided with adequate benefits for their service."
Just under one in 10 were unsure.
Three quarters of respondents said trustees should be legally required to meet minimum standards of knowledge and understanding, and ongoing learning.
One said: "A good idea but it depends on the proposed standard and who certifies. The Pensions Regulator gives good basic information."
Another said it is difficult to argue against this. A further pundit commented: "[I am] afraid I have seen several member nominated trustees who were hopelessly out of their depth despite training being provided, particularly on complex investment vehicles.
A fifth answered no, with one saying it should be best practice and another noting that "experience counts for more than a piece of paper".
Some 5% were unsure, with one saying it is a "difficult one" and that "all trustees would have a certain level of knowledge in order to be able to do the job but this is likely to discourage the wider pool of potential trustees which in turn could potentially impact on diversity of thought on the board".
Over half (58%) of Buzz peers thought there is a danger of over-professionalising trusteeship.
Of these, one said that a diverse element is desired, and many other pundits argued the importance of having lay trustees on boards. One of these said: "Lay trustees have much to offer, including a view of the world that can be very different from those who work purely in pensions or finance."
Another argued that tests and exams will force out the most experienced trustees, while someone else said there is a danger of over-professionalising, but that can be avoided if The Pensions Regulator listens sensibly.
A further respondent commented: "Lay trustees act as a buffer for overenthusiastic co-trustees and independents."
However, 38% disagreed. One said: "Some of the charges they levy are eye-watering for, arguably, the value that they add. They should exercise an expert level of professionalism."
Another commented: "[You] can never have too much practice experience. It won't however stop the unruly and those determined to frustrate the markets."
Some 4% were unsure.
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