Pensions Buzz

Uncharacteristically, the Buzz participants were unsure about this issue, with more than half answering that they did not know.

The vast majority of respondents are anxious about the effects of inflation.

Just 15% of contributors say schemes should put de-risking plans on hold until gilt yields show signs of improving, although two out of five contributors think they should consider delaying.

This week respondents say they don't expect their schemes to become self-sufficient, voice support for a default fund charge cap, and say the UK system is not fit for the Champions League.

Just one in five contributors believe the UK pension system is of Champions League quality while more than two thirds thought it was worthy of the Thursday night slot on Channel Five at best.

Fewer than one in 10 respondents expect schemes to be fully funded within the next couple of years.

The majority of this week's respondents supported the idea of capping default fund charges for default funds in schemes used as auto-enrolment vehicles.

This week respondents support the ban on consultancy charging, endorse elected member-nominated trustees, and are equivocal on the benefits of collective defined contribution.

The majority of this week's respondents thought elected member-nominated trustees was the best way to constitute a board. Just over a quarter said that appointing member-nominated directors was a better a process.

Respondents were split down the middle over whether the government should make it easier for pensioners to release equity from their homes.