Pensions Buzz
Industry in agreement on banning contingent charging
The majority of this week's Pensions Buzz respondents agreed with the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice.
Respondents unsure if Guy Opperman will remain in post
This week's Pensions Buzz respondents were unsure whether Guy Opperman will stay in post as pensions and financial inclusion minister under the new Prime Minister.
10 weeks is appropriate for DB to DC transfer, say respondents
This week's Pensions Buzz respondents were mostly in agreement that 10 weeks is an appropriate length of time to conduct a full DB to DC transfer.
We need a new independent pensions commission, say Buzz respondents
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.
Boris Johnson would be detrimental to pensions as PM, say Buzz peers
Boris Johnson would be detrimental to pensions if he becomes prime minister later this month, a majority of Buzz respondents said.
Industry split on divesting from tobacco
This week's Pensions Buzz respondents were split on whether more schemes should follow NEST's decision to divest from tobacco.
The PPF is right to vote against CVA proposals, say respondents
This week's Pensions Buzz respondents agreed the Pension Protection Fund (PPF) is sometimes right to vote against company voluntary agreement (CVA) proposals.
People should not use their pension to buy a house, says industry
This week's Pensions Buzz respondents rejected James Brokenshire's suggestion that savers should be able to use their pensions to fund deposits for house purchases.
Schemes should not divest from fossil fuels, says industry
This week's Pensions Buzz respondents have decidedly rejected former energy and climate change secretary Sir Ed Davey's argument that schemes should divest from fossil fuel intensive companies.
Industry backs 'gentle hand' of TPR supervision
The Pensions Regulator (TPR) is right to introduce new regulatory initiatives for 1,000 schemes as part of its clearer, quicker and tougher approach, this week's Pensions Buzz respondents said.
Members failing to understand pension freedom tax issues
Scheme members are not equipped to deal with the tax implications of accessing their pension, last week's Pensions Buzz respondents said.
ESG has a branding problem, say respondents
Respondents say there is not enough clarity on what ESG means.
Industry split on maximum term limits for trustees
Respondents were divided on whether trustees should be subject to a term limit.
Mixed views on value for money of Gogglebox ads
Respondents were divided on whether the Gogglebox series of adverts on auto-enrolment represented good value for money, after the government spent £800,000 on the partnership.
The lifetime allowance should be scrapped, says industry
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Bigger is not better when it comes to pension consulting, says industry
Bigger is not always better when it comes to pension consulting, last week's Pensions Buzz respondents said following Marsh & McLennan's $5.6bn acquisition of JLT.
One third of schemes have calculated transfer values for GMP equalisation
One third of schemes have calculated transfer values for guaranteed minimum pension (GMP) equalisation, according to last week's Pensions Buzz respondents.
Allow CDC savers to access pension freedoms, says industry
Collective defined contribution (CDC) savers should be allowed to access pension freedoms when the scheme is rolled out, last week's Pensions Buzz respondents said.
Fewer sole-trader professional trustees after accreditation, predicts industry
Accreditation will reduce the number of sole-trader professional trustees, this week's Pensions Buzz respondents say.
'Money and Pensions Service' backed by industry as new name for SFGB
The 'Money and Pensions Service' is an appropriate new name for the Single Financial Guidance Body, this week's Pensions Buzz respondents say.
Do not reduce the charge cap to 0.5%, say respondents
Most Pensions Buzz peers do not think the DC charge cap should be lowered from 0.75%.
Phase in dashboard compulsion gradually, says industry
Smaller schemes should be given more time to prepare data for the pensions dashboard while larger counterparts should be brought on earlier, this week's Pensions Buzz respondents say.
Savers are ultimately responsible for their own decisions, says industry
Most people think it is right that savers take responsibility to protect from pension scams.
Charge cap should not be amended for illiquid assets
The default charge cap for defined contribution (DC) investment strategies should not be amended to make it easier to access illiquid assets, a majority of last week's 91 respondents said.
