Overview

Nabarro's Annual Pensions Survey was updated and expanded for 2011. A range of detailed questions were split into categories covering risk and covenant; the Pensions Regulator; engagement in pensions; politics and pensions; and automatic-enrolment. Whereas in 2010, funding and security were top priorities for schemes, in 2011, survey respondents listed the following areas as the most important issue on the pensions agenda in 2011:

• preparation for automatic-enrolment;


• scheme funding in volatile market conditions;


• RPI v CPI;


• taxation;


• delivering good outcomes in DC schemes;


• financial education/employee engagement/member understanding;


• liability and risk management;


• restoring employer and member confidence;


• sustainable, fair public sector schemes; and


• the future of DB schemes.

The survey results are presented in a series of charts and compared to the previous year's data. Nabarro outline what can be concluded from these replies, why the current pensions regulatory system may not necessarily yet be "fit for purpose", and why the level of awareness and engagement in pensions saving still needs to be increased.

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