Labour pledges to cap fees on decumulation products

Michael Klimes
clock

A labour government would act quickly to cap charges on retirement income products according to party leader Ed Miliband.

Speaking in Redcar today, Miliband is expected to say Labour will begin an immediate consultation on a cap if elected in May. He will say: "We will act to protect savings by capping rip-off fees...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Government and industry 'united' in determination to drive returns and boost UK investment

Government and industry 'united' in determination to drive returns and boost UK investment

Reeves said measures in the Pension Schemes Bill will mean larger and more powerful pots of funding invested productively

Professional Pensions
clock 16 July 2025 • 1 min read
AI and cyber risk in pensions: A litigator's perspective

AI and cyber risk in pensions: A litigator's perspective

Chris Edwards-Earl says risks can be managed if they are acknowledged and understood

Chris Edwards-Earl
clock 15 July 2025 • 4 min read
Rachel Reeves to use Mansion House speech to announce pensions adequacy review

Rachel Reeves to use Mansion House speech to announce pensions adequacy review

Reports say chancellor to appoint commission to lead long-awaited review

Professional Pensions
clock 04 July 2025 • 2 min read
Trustpilot