Page 14 - Pensions Buzz News Today

In this week’s Pensions Buzz, we want to know what you think the single biggest issue facing the new prime minister is.

Just 1 in 20 schemes are currently looking at Superfunds but the majority of trustees are aware of the full range of insurance options available for their size of scheme, a PP poll conducted in association with Aon finds.

The majority of the workplace pensions industry would not support The Pensions Regulator (TPR) being merged together with the other financial watchdogs, Professional Pensions finds.

Just over half of the industry believes that The Pensions Regulator (TPR) should not hand over regulatory responsibility of defined contribution (DC) schemes to the Financial Conduct Authority (FCA), according to a Professional Pensions poll.

The industry is at mixed stages of collecting Taskforce on Climate-related Financial Disclosures (TCFD) data, with a quarter revealing they are struggling, a PP poll finds.

The industry is largely unsure on whether Rishi Sunak or Liz Truss would be the more influential prime minister for pension issues, PP finds.

A majority of trustees favour holding trustee meetings virtually as opposed to face-to-face, according to a Professional Pensions poll.

The industry says sole trustees should face stricter regulation in a bid to more formally manage conflicts of interest.

The industry is broadly making slow but steady progress when it comes to the process of gathering and arranging data for the pensions dashboards, according to a Professional Pensions poll.

Rules requiring a competitive tender process to be carried out when appointing a fiduciary manager have not resulted in the majority of schemes feeling they have secured better quality providers, PP finds.