All pension charges should be capped at 0.5% - Which?

The consumer group has launched a campaign - Hands off my pension - with the aim of pushing pensions minister Steve Webb to go further on his crusade against high charges. Webb wants to see a charge cap of either 0.75% or 1% introduced for all auto-enrolment pension schemes, but Which? wants him to go further. It said the cut from 0.75% to 0.5% would see thousands of pounds currently eaten up in charges turned into retirement income for savers. The campaign also wants to see a ban on annual management charges being increased when people switch jobs. Which? executive director, Ri...