Miliband attacks pension charges and 'rip-off' banks

Miliband, who has faced accusations he cannot lead the party over the past few weeks, outlined his plan in an interview with the Telegraph. He called for a new consumer watchdog to protect people from "irresponsible" companies. In particular, Miliband said pension providers should be forced to clearly display their charges, and, if this does not reduce fees, then charges should be capped. Miliband's remarks come after the Association of British Insurers (ABI) opened a consultation in October on creating a code of conduct for insurers to help them publish simple "pounds and pence" i...