Charges should not be Npss priority - PPI

In its latest briefing note, the PPI suggests employer contributions, investment returns and the impact of means-testing through the Pensions Credit are more significant factors in deciding how much income a personal account user will receive. The PPI points out while there is a 17% increase in income for a medium earning woman making the minimum contributions to a personal account with an annual management charge (AMC) of 0.3% compared to a current stakeholder product, the actual monetary difference is very small. In a stakeholder pension with an AMC of 1.5% for the first 10 years befo...