'More education needed from pensions supervisors'
Private pension supervisors need to provide all parties impacted by a particular retirement savings arrangement with more education on relevant issues, according to a new report.
A study carried out by the International Organisation of Pensions Supervisors (IOPS) concluded that effective education could help smooth the process of saving for retirement for consumers around the world.
Representatives of the UK's Pension's Regulator were polled as part of the study and the organisation asserts that the report underlines the importance of informing trustees of the issues involved within private pensions schemes.
John Ashcroft from the Pensions Regulator is president if the IOPS, he commented: "IOPS has rapidly developed a global reach and is answering a real need among pensions regulators worldwide to share experiences and knowledge.
Around 50 countries are currently represented within the IOPS, which was formed in 2004 and aims to offer a forum for debate among private pension scheme supervisors.
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