The Big Question

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Suffolk Life's John Moret has warned that pension providers with legacy issues could struggle to keep up with the pace of legislative change over the coming year. Do you feel that this is the case and if so what impact do you think this will have?

Andy Bowsher is director of Xafinity SIPP The main issue will lie with those monoliths where change requires a small army of project managers, systems analysts, business analysts etc. Just getting the specification documents signed-off can take an age and press up to and over legislative deadline. I’ve seen how this works and despite often some good people the huge and bureaucratic nature of these businesses inevitably make change pretty ineffective. These same organisations can be adept at managing the message to hide the gap, while in the background confused back-office staff cobble...

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