MPs have been urged to launch a new enquiry into the transparency of pension charges amid concerns the regulator's latest work does not go far enough.
Campaign group the Transparency Task Force, backed up by a number of other campaigners and industry professionals, said it was "vital" savers received transparent, consistent and straightforward cost disclosure on pensions. Current work on the asset management sector and defined benefit (DB) pensions did not tackle the issue in a meaningful way for savers, the group said. It had put its request of further work on transparency in writing to chair of the work and pensions select committee Frank Field, signed by industry veterans Panacea Adviser CEO Derek Bradley, The People's Trust co-f...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes