Frank Field: Lack of fee transparency 'like Hillsborough cover-up'

Pension savers 'deeply depressed'

clock
Field: “Anyone watching who has a pension must be deeply depressed about their investments.”
Image:

Field: “Anyone watching who has a pension must be deeply depressed about their investments.”

Asset managers' failure to provide clear transaction costs incurred in pension funds leaves savers "deeply depressed", Frank Field says.

The Work and Pensions Committee (WPC) chairman, who resigned the Labour whip last week, said opacity in the fund management industry was akin to the alleged police cover-up in the 1989 Hillsborough disaster...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Little variation between advisers CRPs and CIPs, FE finds

Little variation between advisers CRPs and CIPs, FE finds

‘Generation DC’

Jenna Brown
clock 18 May 2022 • 2 min read
Value for money: Half of savers don't care about costs

Value for money: Half of savers don't care about costs

B&CE research finds savers are more engaged with mortgage and banking charges

Hope William-Smith
clock 16 May 2022 • 1 min read
Canada Life UK taps Paul Russell as CIO

Canada Life UK taps Paul Russell as CIO

Effective immediately

Hemma Visavadia
clock 26 April 2022 • 1 min read