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TPAS questions DC information

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.