Professional Pensions asked its readers to describe the current state of the pensions industry in one word this week, eliciting a mix of predominantly gloomy adjectives.
There is no doubt the last few years have been challenging on the pensions industry without the unforeseen addition of the coronavirus pandemic.
The year has had an exigent, albeit positive, first quarter, with the industry preparing to adjust to a new phase of life and operations under the long-awaited Pension Scheme Act 2021.
To gauge the sentiment of PP's readership as we head into a new financial year, Pensions Buzz respondents - made up of trustees, actuaries, pension scheme managers, administrators, and consultants - shared their personal one-word descriptor of the current environment.
The infogram below shows these words, with the size of each an approximate correlation to its response commonality.
Pensions Buzz is conducted each week to anonymously collate Professional Pensions readers' views on key news and trends. Respondents include actuaries, trustees, investment managers, lawyers, pension scheme administrators, and consultants.
To take part, email our research team here.