Trustees: We already do better than Osborne's 'guidance guarantee'

Richard Wilson, NAPF policy lead for DC pensions and investment, said a recent poll of trust-based schemes found more than half were worried about the time scale for implementation - currently scheduled for April 2015 - and some 80% did not understand exactly what they were being asked to provide. He said: "Our members are often the kind of people who are doing a lot already. What they are now worried about is: are they going to change that? "Whether that is going to meet the guidance guarantee or is it going to be a prescriptive thing that they have all got to deliver in the same way...