The majority of respondents to this week's Buzz want the ban on consultancy charging in auto-enrolment (AE) schemes to be extended to cover all defined contribution (DC) schemes.
Almost a third of contributors rejected the idea, however. "Consultancy charges (why not call it commission?) are outdated and penal," said one respondent. "They should be removed from all pension products."...
This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Smart Pension failed to report the fact it had not collected or invested nearly £900,000 of pension contributions on behalf of its members, an investigation by The Pensions Regulator (TPR) has found.
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice in a bid to help prevent members falling victim to evolving pension scams.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.