Commission-paying pension schemes flagged in OFT investigation

The OFT began its investigation into the industry in January and issued an update this morning. The organisations final report is set for release at the end of next month. The update identified several issues which could be hitting savers. These include: A number of schemes have been set up with two-tier charging structures, where those members who have stopped making contributions pay a higher annual management charge percentage. There are a number of schemes open for auto-enrolment that appear to have built-in adviser commissions and which may not represent the best value for...