Pensions Buzz

PP research reveals that the majority of the industry does not trust any party on pensions and believes the Department for Work and Pensions (DWP)is "stalling" on reform.

Just over a third of respondents think the number of member-nominated trustees (MNTs) on boards is shrinking as an increasing number of schemes close.

The Conservatives are the most trusted party when it comes to pensions, with almost three out of ten Buzz respondents saying they had faith in the Tories.

Two thirds of respondents said it was likely or very likely that significant numbers of defined contribution savers would cut contributions if tax relief was curbed.

More than six out of ten contributors said the number of probes launched by The Pensions Regulator (TPR) into auto-enrolment non-compliance was confirmation that regulations were too complex.

The majority of Buzz respondents believe the Department for Work and Pensions (DWP) has stalled on its plan to deliver a defined ambition (DA) system.

This week, respondents were keen on financial education as an antidote to a poorly-functioning annuities market.

Although almost half of participants were unsure about this question, slightly more were in favour of dropping the distinction than not.

Slightly more Buzz contributors thought The Pensions Regulator (TPR) should have more auto-enrolment (AE) compliance resources than not.

Just under half of participants thought The Pensions Regulator (TPR) should regulate annuity brokers.