Property News · March 27, 2014

Pension charges capped at 0.75%


Government announces cap with effect from April 2015, a move that could spare savers fees worth up to £200m a yearFees for managing pension pots will be capped at 0.75% from next year, following concerns that rip-off charges have been eroding the value of savings.Steve Webb, the Lib Dem pensions minister, said the government would put pension charges in a vice and keep squeezing until there was a “full standardised disclosure of all costs and changes”. Continue reading…

Source : theguardian.com
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