Pensions Buzz

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.

In this week's Buzz, respondents turned their attention to the regulator, the state pension and fiduciary management.

Exactly half of Buzz respondents believe the proportion of assets in fully delegated fiduciary management mandates will increase over the next few years.

Two fifths of respondents to this week's Buzz leapt at the chance to harangue the regulator.

Almost half of Buzz participants were unsure as to whether the Association of British Insurers' (ABI) annuity window will be of any use to consumers.