A new plan proposed by the Government today to cap pension providers’ management fees has been unveiled in an attempt to save people thousands of pounds on their pension schemes.
The Treasury announced it is proposing that management fees charged by pension providers should be capped between 0.75% and 1%. In an announcement released this morning, Minister for Pensions Steve Webb said: “The government believes that enough is enough on charges. People need to know they are getting value for money when they save into…
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