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Govt Dim_Wits Finally Stir On Pension Rip-Offs

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Hope you all 'benefit'!

MPs demand ban on 'damaging' pension fees

Company pension schemes needlessly carry hidden middlemen charges that should be banned, say MPs.

Employees saving into company pension schemes are being needlessly hit with "damaging" hidden charges, say MPs.

The Work and Pensions Committee said the fees can wipe huge chunks off a retirement pot and should be banned.


Edited by erranta

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It's not the first time the fees have been mentioned in the papers/media as being rip-offs and for sure even MPs will have mentioned it from time to time in the past.

What has happened about the rip-offs. Next to nothing and most likely they've got even worse over the years then there's all the blatant fraud that's been discovered more and in the financial/pension fund sectors e.g. Libor effects. Then there's the bonuses.

Maybe it'll be different this time.

Of course the local elections are in about a weeks time.

Edited by billybong

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