Scale of hidden pension charges 'extraordinary' - report

A year long study, Seeing through the British Pension System, from the RSA has found workers in the UK are routinely denied simple and low-cost pensions available to people across Europe. The Telegraph reports pensions minister Steve Webb  said government is willing to step in unless fees are lowered and become more transparent. Labour leader Ed Miliband weighed into the pension fee debate last week, when he suggested a cap should be introduced. The RSA report found that 21 of the 23 pension providers surveyed failed to inform people about the charges, other than the annual management...