Labour leader Ed Miliband has pledged to put a 1% cap on pension fund charges in a bid to reignite his campaign against "rip off" costs, as millions of people enter auto-enrolment.
The call comes after Miliband claimed during the summer that some savers pay 5% on their fund, and floated the idea of a 0.5% charge benchmark (PP Online 12 July). In an open session at the Labo...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date