Charges are the industry's chicken-and-egg problem

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Once again charges on pension funds are hitting the headlines. Pensions minister Steve Webb has pledged to legislate on charges for auto-enrolment schemes if the industry does not clean up its act.

Critics say this self-regulation is unlikely as, they believe, the existing big providers operate as a kind of sinister cabal, keeping the market uncompetitive and fragmented for their own gain. Th...

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