Pensions Buzz

More than two thirds of industry insiders think Pension wise will suffer "major problems" in its first few weeks, according to Professional Pensions research.

The majority of the industry believes the regulatory regime introduced ten years ago has made pensions more secure, according to the research from PP.

Just three out of ten pension professionals support plans to let pensioners cash in their annuities according to research by PP.

The industry is sceptical about providing a default retirement option, with two thirds believing members' pots should stay invested until they make a decision, according to PP research.

Michael Johnson has proposed that retirees are defaulted into drawdown after research by PP found little support for his original call for a default option of index-linked annuities.

Industry figures have overwhelmingly rejected Labour's proposals to cut pensions tax relief in PP research.

Pension figures have rejected calls to introduce a default retirement option of an inflation-linked annuity defined contribution members.

Getting millions more people to save for their retirement will be remembered as the current government's greatest achievement, according to PP research.

Top stories on PP this week included worries about the funding impact of DB members cashing out, small pot consolidation, and Steve Webb's hopes and regrets. Here's what you might have missed.

Most industry figures think defined benefit (DB) schemes will have to cut benefits to tackle spiralling deficits, according to PP research.