Pensions Buzz

Exactly half of respondents agreed that cutting back on adviser fees was a false economy for schemes, while just over three out of 10 rejected the claim.

This week respondents demonstrate they are less than impressed with the idea that scale is the answer to all schemes' problems.

Buzz respondents were sceptical as to whether bigger schemes necessarily benefited from their size.

More than three quarters of Buzz respondents fear that auto-enrolling people into schemes with an 8% contribution rate will give them a false sense of security.

The majority of contributors backed annuities to retain their relevance in two decades time.

The majority of contributors believe schemes should renegotiate or review charges every three years.

Almost four out of 10 contributors said fiduciary management was an effective way for smaller schemes to access some benefits of scale.

Almost half this week's respondents backed calls for mandatory qualifications for professional trustees.

More than half this week's contributors rejected the notion of the Pension Protection Fund (PPF) taking on the schemes of solvent employers.

This week respondents support the idea of qualifications for professional trustees, back calls to let members use funds for long-term care, and say actuaries will always find a role in pensions.