Pensions Buzz

Jonathan Stapleton asks if falling confidence is leading to a portfolio re-think

This week, Buzz respondents said low interest rates have been damaging to both defined benefit (DB) and defined contribution (DC) savers.

Most Buzz respondents could not identify significant failings in what schemes were doing to alert members who might exceed their lifetime allowance.

The rules that allow retirees to take small pots as a lump sum need to be drastically simplified, say Buzz respondents.

An unprecedented period of ultra-low interest rates has harmed both defined benefit (DB) schemes and defined contribution (DC) savers, say Buzz respondents.

Respondents were split over whether investment charges should be banded in line with investment returns.

This week, respondents said consultants should be required to disclose sales targets.

Backing plans to introduce transparency requirements for workplace defined contribution schemes was even more of a no-brainer for Buzz contributors.

Buzz respondents were not wildly enthusiastic about the idea of The Pensions Regulator (TPR) setting more targets for scheme data.

The majority of respondents believe member-nominated trustees (MNTs) should be elected by scheme memberships rather than selected by trustee boards.