The Independent Project Board have published the results of an audit looking into legacy pensions. Amongst their findings, they revealed that billions of pounds of pension savings were locked in old schemes with annual management charges of up to 3% and exit charges of up to 10%.
More on this story:
Legacy pension audit reveals £26bn exposed to high charges - Money Marketing
Have you checked your pension recently? Officials reveal companies are charging savers four times the recommended cost to manage their pot - This is Money
Market View: Providers defend charging structures - FT Adviser
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