16 January 2009
A surge in calls to the Pensions Advisory Service (TPAS)
helpline has prompted the organisation to query the quality of
information provided to members of defined contribution schemes
(i.e. where the member has a pot of money to provide benefits
with).
Malcolm McLean, Chief Executive of TPAS, indicated that a
surprising number of callers reacted with shock when they found out
that their pension fund was linked to the stock market and
encouraged members to take an active interest in the mechanisms of
their pension arrangement.
