A calculator to help bosses work out how much their employees are paying in workplace pension charges has been launched by the Association of British Insurers (ABI).
The calculator is hosted on The Pensions Advisory Service (TPAS) website. It allows employers to input pension charges - including active member discounts and initial charges - to get a simple analysis on the overall impact charges will have on their workers' retirement saving. It has been backed by pensions minister Steve Webb and the National Association of Pension Funds. Hargreaves Lansdown head of pensions research Tom McPhail said: "Employers need all the help they can get in making good decisions on behalf of their employees. This tool will make it easier for them to analyse the...
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