Saga comments on mooted cap on pension charges

Wednesday 17 June 2015

As George Osborne announces a consultation on charges levied by pension providers to people accessing their pension savings, Paul Green from Saga comments

Saga comments on mooted cap on pension charges

We heartily welcome the Government’s investigation into the charges being levied by pension firms to enable people to access their hard earned pension money.  The fact that some companies appear to be flouting the spirit of the law by not allowing people to take advantage of the full freedoms is scandalous.  This is made worse by forcing them to pay hefty exit fees in order to transfer to a company which is willing to allow them to liberate their own savings in the way they wish.

 

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