Ban consultancy charging to give AE savers a 'fair deal' - Which?

It said consultancy charging - which is being investigated by the government - can severley erode pension savings and people were powerless to avoid them. Which? executive director Richard Lloyd said in-house research had found some providers did not object to charges which would reduce savings by 50% in the first year. Lloyd added: "We found a majority of people said they would be more likely to opt-out if they were exposed to high charges, leaving them potentially with no [income from a workplace] pension in later life. That's why we are calling on the government to ban consultancy ...