• PENSIONSANDSAVINGS.COM

    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

  • pensionsandsavings.com

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    Tag: pension charges

    Pension charges – don’t be lulled into a false sense of security

    Pension charges – don’t be lulled into a false sense of security

    18 February 2014 DWP report on pension charges shows importance of introducing a cap Workers in small firms need protecting from rising charges as small funds pay higher fees Labour TER cap for new schemes makes sense but don’t set too low initially NEST reforms needed – and AMDs should be banned Summary DWP report on pension charges shows large schemes have lowest charges As auto-enrolment spreads to smaller firms, their workers need protecting from high fees Labour is right that…

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    Pension fund charges – important issues

    Pension fund charges – important issues

    28 November 2013 Pension fund charges – don’t get obsessed with lowering charges too far, too fast Difference between 0.5% and 0.75% AMC equates to about 5% of final pension fund over 46 years – People lose far more than this when buying poor annuities which have no controls at all Cap new scheme charges to protect smaller firms but leave legacy schemes till after 2018 – and reform NEST charges to allow proper comparison As the Government’s consultation on pension scheme…

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    Auto-enrolment focus on pension fund charges misses the bigger picture

    Auto-enrolment focus on pension fund charges misses the bigger picture

    11 November 2013 There are no controls on charges people forced to pay when buying their actual pension Far more money can be lost on annuitisation than saving 0.25% in fees 0.25% charge on £30,000 fund is £75pa but customers lose £600-£1000 when buying their annuity at retirement with no advice Auto-enrolment needs to ensure pensions are good value:  There has been significant debate about capping fees and charges on auto-enrolment pension funds and estimates that people are losing chunks…

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    Comment on pension charges cap of 0.75%

    Comment on pension charges cap of 0.75%

    29 October 2013 In today’s Pensions Bill debate, Steve Webb anounced his ‘full frontal assault’ on pension charges. Here are my thoughts: It is of course right that people need good value pension schemes to save into with auto enrolment, but it is also important that we consider the losses they can sustain when buying an annuity. Buying the wrong annuity can be even more damaging to people’s pension funds than being in a higher charging scheme. There are no…

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