Pensions Buzz

Just one in five schemes has reconciled guaranteed minimum pensions, according to research carried out by Professional Pensions.

In this week's Pensions Buzz we want your opinions on early exit fees and transfer processes.

The industry wants more information from The Pensions Regulator (TPR) on fines handed out for auto-enrolment non-compliance, according to research by Professional Pensions.

The industry believes putting members on the boards of all schemes would improve governance, but says they must be given enough time off and qualifications should be mandatory.

The pensions industry recognises the need for change, but thinks the summer Budget spells trouble and ‘ISA pensions' would mean lower retirement incomes, according to PP research.

Most people in the industry believe The Pensions Regulator (TPR) should bring its guidance to trustees on communicating retirement flexibilities into step with the Financial Conduct Authority (FCA).

The industry believes the Chancellor should resist the urge to scrap salary sacrifice, according to Professional Pensions research.

The pensions industry would support a cap on exit fees for defined contribution (DC) savers, according to research from PP.

In this week's Pension Buzz an overwhelming number of 115 respondents said providers should not be made to offer the full range of freedom and choice.

The pensions industry believes it is right for the Financial Conduct Authority to make specialists scrutinise transfers.