Scale of hidden pension charges 'extraordinary' - report

Jenna Towler
clock

The majority of pension providers and managers are failing to inform savers about 'hidden charges' which typically wipe £100,000 off pension savings, a think tank has said.

A year long study from the Royal Society for the encouragement of Arts, Manufactures and Commerce has found workers in the UK are routinely denied simple and low-cost pensions available to people a...

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 Industry

How are pension schemes dealing with vulnerable members?

How are pension schemes dealing with vulnerable members?

Martin Richmond asks how regulators, schemes and providers are tackling the issue of vulnerability

Martin Richmond
clock 20 March 2025 • 14 min read
UK Pensions Awards 2025: Shortlists unveiled!

UK Pensions Awards 2025: Shortlists unveiled!

This year’s awards will be held on 12 June at the Brewery in London

Professional Pensions
clock 20 March 2025 • 6 min read
Bank of England halts interest rate cuts amid persistent inflation

Bank of England halts interest rate cuts amid persistent inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 5 min read
Trustpilot