Pensions Buzz

Three quarters of respondents thought third-party administrators (TPAs) should not be charging clients more for spotting ‘pensions liberation' scams.

The majority of respondents dismissed the suggestion that the government should impose a standardised charging structure on the industry. A third of contributors supported the idea, however.

This week, respondents demand that the industry cuts back excessive consultants' fees, but cannot decide whether fiduciary principles should extend throughout the investment chain.

More than half of respondents were not convinced either way on whether the Stewardship Code has had an impact.

Around half of respondents said there is enough information out there for trustees on third-party administration.

This question divided Buzz respondents. Just over half said yes, but added several caveats.

Around half of Buzz respondents agreed that fiduciary responsibilities should continue throughout the investment chain.

Two thirds of Buzz respondents believe there are too many freeloaders in the industry, and many singled out particular professions (presumably not their own) as the culprits. Nobody within the industry escaped blame.

This week respondents reveal the political allegiance of the industry

The industry appears not to have given up on the idea of member engagement, although a significant minority thinks it should.