Crackdown call on rip-off pensions

PressAssociation

by PressAssociation

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By: Leanne Rinne
The Office of Fair Trading has been carrying out a study into the ?275 billion defined contribution workplace pensions market, to look at whether such schemes offer value for money, if there is enough pressure on providers to keep their charges low and what size of pension pot savers are likely to end up with at retirement. At present, employers "may often lack the capability or the incentive to assess value for money", it said.