In this speech , the Australian pensions regulator goes on to tell her audience

 two years on from the implementation of the Retirement Income Covenant, we are still having the same conversations. Equally, we’re still seeing a lack of urgency in improving member services despite calls from ASIC, APRA and AFCA. Remember what I said about being all lined up?

Quite frankly, our patience is running thin – we want to see meaningful action now.

I know how she feels. I felt sorry for Keven Hollister who is nobly fighting to help savers get personal glidepaths , “guiided” outcomes and a cashflow driven investment plan to provide consistent income.

Kevin explained this to an engaged group of pension enthusiasts at a Pension PlayPen coffee morning but I suspect that the frustration of Simone Constant is echoed in our questions.

8 years after the announcement of the pension freedoms, where a definitive course of action was taken from retirement savers in exchange for the opportunity to invest in matching cashflows under the watchful eye of Guiide.

Me? I’m holding out that new Pensions Minister Emma Reynolds will get as angry as Simone and demand better of the master trusts and large occupational pension schemes who seem to think it’s ok that we have to transfer out pots to SIPPs to get some income action.

If you have thoughts on this and would like to share them with former policy supremo at TPR – DAVID FAIRS, you can join us today at our latest Pension coffee morning

You can join David and me today at this week;s coffee morning using this free link (psst- don’t tell Steve!)

Free link to ask David Fairs about the DB funding code