The burden of regulation is the top concern among pension funds, according to the National Association of Pension Funds.
The online survey, conducted by NAPF, found that 63% of funds listed regulation as one of their top three concerns and this rose to three in four funds when including concerns about EU legislation. Improving longevity was a top three concern amongst 59% of pensions funds and pension deficits came third, with 48% listing this as a major worry. NAPF is currently lobbying Peter Hain, the new secretary of state for work and pensions, to speed up the process of deregulation to improve the efficiency of pension funds. Joanne Segars, chief executive of NAPF, says: “The DWP has sounded serious a...
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