Pension fees: Move to create 'pounds and pence' disclosure rules

At its annual conference today, the National Association of Pension Funds (NAPF) will announce it is holding a summit on fee transparency with a view to creating simplified disclosure. According to NAPF consumer research, one in three people will opt out of workplace pensions when auto-enrolment comes into force from 2012, excluding three million from saving. Of those who will opt out, 26% said it is because they do not trust the industry with their money, whilst 29% said they distrust the government. The research also suggested 80% of possible future savers want greater transparen...