BBC probe raises fresh pension charge fears

In the most stark example, Panorama will allege people paying £120,000 into the HSBC World Selections Personal Pension over 40 years would see £99,900 eroded by charges. Although it estimates growth of 7% over that period - meaning the charge would drop to 16% of the total £621,000 pot - the findings again question just how much savers are aware of the size of the levies they pay. Experts say the charges are so high because fund managers trade shares frequently rather than investing for the long-term. Panorama is told by HSBC the plan offered "good value for money" and was "certain...