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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dalriada launches DC tool for AVCs, Clara to switch up to 35% of assets into private markets, and a Hymans Robertson report

Professional Pensions
clock 11 April 2025 • 1 min read
Challenges remain as UK economy beats growth expectations in February

Challenges remain as UK economy beats growth expectations in February

UK economic outlook still 'downbeat'

Sorin Dojan
clock 11 April 2025 • 2 min read
TPR launches videos as part of campaign to get industry dashboard ready

TPR launches videos as part of campaign to get industry dashboard ready

Regulator says many schemes still hold out of date value information

Holly Roach
clock 11 April 2025 • 1 min read
Trustpilot