Pensions Buzz

Almost half of respondents thought the threat of pension liberation was growing, with around the same proportion unsure.

More than seven out of ten respondents said they did not believe they would be able to retire with two thirds replacement rate income when they reached state retirement age.

The old question of trustee remuneration split respondents right down the middle.

Long-lived, lumbering, intelligent and persecuted, the elephant was the most common suggestion for a pensions industry mascot.

This week, buzz respondents gave qualified support to the Pension Protection Fund's (PPF) levy estimate.

Almost seven out of 10 contributors think the European Commission should rule out adding any solvency requirements to its overhauled pensions directive.

Respondents were split over whether Legal and General's (L&G) announcement it was capping default fund charges was an indication that the National Employment Savings Trust (NEST) was helping drive down fees.

More than three quarters of respondents said trustees should always run a competitive tendering exercise before appointing a fiduciary manager.

The majority of respondents did not feel sufficiently well-informed to say whether The Pensions Regulator (TPR) was getting value for money on its legal spending.

Buzz respondents were broadly supportive of the Pension Protection Fund's (PPF) decision to leave its levy framework untouched this year.