Maintaining fairness

Rachel Vahey is head of pensions development at AEGON Scottish Equitable. How much does your pension cost you? Ask the majority of pension savers that question and the answer will be something like £100 a month. Most people won't know what the charges for their pension are. The Secretary of State for Work and Pensions has the job of deciding the charging shape and level for the new personal accounts scheme. This means, if there are no more changes at ministerial level, Yvette Cooper has to make this call, probably in 2010. It's obviously important pension charges for the persona...