L&G: swift action needed on 'inappropriate' pension charges

L&G pension strategy director Adrian Boulding told IFAonline's sister title Professional Pensions the arrival of auto-enrolment could result in a significant increase in the number of people who are caught in a scheme using discounts for active members. Boulding said this is because members who miss the 30 day opt-out window, but later leave the scheme would be treated as deferred members and be subject to AMDs. He said: “If AMDs are allowed to continue unchecked, there is a real danger that the negative reaction of early leavers who discover they are being charged more than their wor...