Pensions Buzz

Find out what the industry is really thinking about the latest issues

Respondents were split over what should happen to the cap on compensation from the Pension Protection Fund (PPF).

The majority of respondents said The Pensions Regulator (TPR) was overstepping the mark in steering employers away from setting up master trusts if they would have fewer than 1,000 members.

The majority of contributors do not believe the earnings threshold for auto-enrolment should be reduced, despite concerns about the number of low-paid workers missing out.

Seven out of ten Buzz respondents believe schemes are paying too much or waiting too long for calculations carried out by actuaries.

This week, respondents tell PP to stop deficit-watching, have no problem with NEST members using its default, and ask if DC members suffer from a lack of attention.

This question also divided respondents although 44% said The Pensions Regulator (TPR) was not failing on data.

Buzz respondents are intensely relaxed about the fact almost all the National Employment Savings Trust's (NEST) customers have ended up in its default fund. Seven out of ten contributors said they were not concerned about this.

The constant commentary on scheme deficits serves no constructive purpose according to Buzz respondents. Eight of ten said the practice had no use, while just one in eight said it had some merit.

Buzz respondents were split as to whether defined contribution (DC) members were suffering as a result of the attention employers paid to defined benefit (DB) deficits.