Two thirds of Buzz respondents believe there are too many freeloaders in the industry, and many singled out particular professions (presumably not their own) as the culprits. Nobody within the industry escaped blame.
"Consultants, investment managers, auditors, administrators, DB/DC/DA advisors; need we go on?" one respondent said. Another quipped: "Anyone heard any good lawyer jokes of late?" while one asserted...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter