Pensions Buzz

The Conservatives are the current party of choice for the pensions industry, despite some grumbling from Buzz respondents about the government's performance over recent years.

The majority of Buzz respondents said providers should not accept new business based on consultancy charging, although one in four said they should continue right down to the wire.

The personal experience of Buzz contributors suggests implementation costs of auto-enrolment (AE) will vary widely from firm to firm.

This week respondents are divided over whether TPR should pay attention to third-party admins and if auto-transfers will harm savings

The question of whether third-party administrators (TPAs) should be regulated by The Pensions Regulator (TPR) split this week's respondents right down the middle.

A slim majority of contributors were worried about the number of schemes that were failing to demonstrate all six of The Pensions Regulator's (TPR) six DC principles.

The majority of schemes do not intend to carry out any exercises to control longevity risk over the next two years.

Six out of 10 respondents said employers were generally failing to make sufficient provisions for ill-health retirement when closing DB schemes.

The question of whether the Department for Work and Pensions' (DWP) pot follows member plans could be delivered without eating into pots split the Buzz audience.

Pensions Buzz is a weekly survey of the industry.