Call for 0.5% cap on pension fees

Press Association
role of twenty english pound
role of twenty english pound

Consumer group Which? is pressing the Government to lower its proposed cap on pension charges so that retirement savers are not placed into "rip-off" schemes.

Which? said that setting the cap for managing a fund at a lower level of 0.50% rather than 0.75% as suggested by the Government could result in someone being £40,000 better off at retirement.