Pensions 'not accountable enough' on protection

Press Association
Woman holding pension protest sign
Woman holding pension protest sign

There is "insufficient accountability" to be able to tell how well some pension schemes are being protected, a public spending watchdog has found.


The National Audit Office (NAO) looked into the regulation of defined contribution (DC) pension schemes, and found around a third of members, and a fifth of schemes, said that they cannot assess whether the charges they pay represent value for money.