Pensions Buzz

Four out of five respondents said investment consultants should be fully regulated, while just over one in 10 said there was no call for this.

The people who make up the pensions industry are a breed apart, according to Buzz respondents.

Half of Buzz respondents feel consultants have a duty to promote stewardship, while three out of 10 contributors said this fell outside their remit.

Australia and the Netherlands are the countries the UK should look to for inspiration on pension, provision according to Buzz respondents.

Jonathan Stapleton asks if investment consultants need regulation

This week we want your views on the Financial Conduct Authority's (FCA) annuity market review. We also want to know if annuities should come with a cooling off period and whether trustees are getting their priorities wrong.

Most respondents think the industry should focus on defined contribution to improve the image of pensions.

An even greater proportion of Buzz respondents said schemes must do more to understand the fees they pay to asset managers.

Most Buzz respondents believe trustees and scheme managers are not doing enough to get to grips with fees they pay for transition management services.

There was only very limited support from Buzz respondents for the idea of replacing tax relief with a simple system of matching contributions.