Pensions Buzz

PP research finds the industry bullish

The overwhelming majority of Pension Buzz's 166 respondents thought nationalising pension provision would be detrimental for the country.

The vast majority of people in the industry believe the tax treatment of pensions is an effective incentive for people to save for retirement, according to research.

Pensions Buzz: sponsors can't push trustees around

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).