Pensions Buzz

The industry does not want schemes that invest in listed companies through pooled funds to get voting rights, according to research from PP

The industry is divided over whether there should be a cap on how much money defined contribution savers should be able to take as a tax-free lump sum, PP research finds.

The majority of this week's respondents said it was unnecessary for schemes to nominate a devil's advocate when making big decisions.

Most respondents believe the majority of trust-based defined contribution (DC) schemes will struggle to demonstrate all the features in The Pensions Regulator's (TPR) DC code of practice.

The idea of doing away with tax-free lump sums was roundly rejected by Buzz respondents.

There was not a huge amount of support for the Centre for Policy Studies' (CPS) report calling for the Local Government Pension Scheme (LGPS) to put most of its money into passive funds.

This week Buzz respondents defended tax-free lump sums fiercely.

This week, respondents cautiously back the reduction of older workers' hours to support the young, and say the under-30s have no idea about retirement income.

More than three quarters of respondents believed the FRC should wade into the charges debate and force fund managers to own up.

In general, the Buzz respondents despaired of the under-30s and their extremely loose grasp of retirement income.