Webb escalates war on 'sky-high charges'

clock

Steve Webb has challenged providers to restore the "battered reputation" of the pensions industry by improving the terms of savers locked in to legacy schemes.

Writing in The Daily Telegraph today, the minister warned it appeared "sky-high charges are tearing the heart out of people's pensions". He said the government would focus on charges in default ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Legislation

Isio launches support service for NHS McCloud employees

Isio launches support service for NHS McCloud employees

Service will address NHS employer pensions tax rollback, with members able to easily claim refunds

Jasmine Urquhart
clock 07 November 2024 • 1 min read
Autumn Budget 24: Labour hikes employers' National Insurance by 1.2 percentage points

Autumn Budget 24: Labour hikes employers' National Insurance by 1.2 percentage points

Pensions industry says the costs are at risk of being passed on to pension savers

Jen Frost
clock 30 October 2024 • 7 min read
UPDATED: Industry reacts to 'surprise' Pension Schemes Bill in King's Speech

UPDATED: Industry reacts to 'surprise' Pension Schemes Bill in King's Speech

Pensions Bill, decumulation solutions, superfunds and National Wealth Fund Bill welcomed by industry

Martin Richmond
clock 17 July 2024 • 10 min read
Trustpilot