Pension charges: A pretty penny

RETIREMENT

Jenna Towler
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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...

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