Pension charges: A pretty penny

RETIREMENT

Jenna Towler
clock

According to latest research the breadth of hidden pension charges is ‘extraordinary', Jenna Towler asks how much should pension saving cost the member?

Labour leader Ed Miliband waded into the long-running debate on pension charges last week, bringing the issue of just how much it costs to build up a pension back to the headlines. Miliband was criticised for pension bashing ahead of the introduction of auto-enrolment and accused of giving his opinion to gain political advantage (surely, no politician would do such a thing?). Less than a week later, a report rubbishing the extraction of fees from unknowing pension savers was released by the RSA.  To the chagrin of the Investment Management Association (IMA) the report – Seeing through...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Gillian Hepburn: Benchmark's 'cradle to grave' approach is a USP

Gillian Hepburn: Benchmark's 'cradle to grave' approach is a USP

‘We can help advisers start up a business depending on how they’re joining us’

Sahar Nazir
clock 19 August 2025 • 3 min read
Targeted support: 'Watch this space!' – unknowns persist

Targeted support: 'Watch this space!' – unknowns persist

Industry awaits final details of the FCA’s proposals

Isabel Baxter
clock 19 August 2025 • 7 min read
FNZ launches adviser-focused AI tool as personalisation demand grows

FNZ launches adviser-focused AI tool as personalisation demand grows

Generative AI solution intended to cut admin time and help advisers meet Consumer Duty standards

Sahar Nazir
clock 19 August 2025 • 2 min read