Labour condemns 'phoney' pension charges consultation

Speaking at the Pensions Management Institute (PMI) Autumn Conference, the Labour MP (pictured) said the government has taken too long to address charges. The Department for Work and Pensions (DWP) set out its three options for capping charges in auto-enrolment (AE) schemes last month. However, McClymont said the government's efforts does not properly tackle all the charges imposed on pensions. He said: "The government's consultation is a phony consultation. Four weeks is not very long for something as complicated as this. It doesn't have full sight of all the costs and charges bei...