The Big Question: Pension charges

Peter Carter is product marketing director at MetLife Charges are clearly very important when assessing pension funds and the media and political debate has helped highlight the issue. The focus tends to be on older-style contracts where annual charges can be as much as 4% while in general the industry has cut fees. Advisers who have established processes will explain charges and their potential effect when they make recommendations and if they do not clients should definitely ask. However charges are not the be all and end all and clients should be asking about more than just the ...