Field: Lack of fee transparency leaves pension savers 'deeply depressed'

Victoria Tichá
clock • 2 min read

Asset managers' failure to provide clear transaction costs incurred in pension funds leaves savers "deeply depressed", Frank Field says.

The Work and Pensions Committee (WPC) chairman, who resigned the Labour whip last week, said opacity in the fund management industry was akin to the alleged police cover-up in the 1989 Hillsborough...

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

Budget 25: HMRC announces modifications to incoming IHT regime

Budget 25: HMRC announces modifications to incoming IHT regime

Industry welcomes change but warns blocking powers for executors could cause delays

Jonathan Stapleton
clock 27 November 2025 • 2 min read
Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Measure will come into force from April 2029

Jonathan Stapleton
clock 26 November 2025 • 8 min read
Will there be further change in the taxation of DB surplus payments in the Budget?

Will there be further change in the taxation of DB surplus payments in the Budget?

Louise Pettit and Richard Knight ask if changes will allow for one-off payments to members

Louise Pettit and Richard Knight
clock 25 November 2025 • 3 min read
Trustpilot