Pension lawyers benefiting most from A-Day

A survey of 109 pension professionals, ranging from consultants, and finance directors to pension trustees, reveals six months after A-Day only one in five believe members are the real beneficiary. As a result, Capita says, the findings suggest A-Day legislation has failed in its intended objective of benefiting scheme members, and instead 33% of respondents believe pension lawyers are the real beneficiaries. Research also reveals almost half of the respondents (43%) would like the pension simplification legislation to be further clarified in 2007, with 28% citing a better service for m...