Over £1billion savings lost from pensions last year due to ‘rip-off’ charges – how to avoid them
MORE than £1billion of retirement savings is estimated to have been lost because savers have switched to pensions with higher charges, new analysis has found.
Pension provider The People’s Pension has found that UK savers could have lost £1.2billion in just one year as a result of unwittingly transferring to pension schemes with higher fees.
Some retirees transferring their pensions have ended up with higher feesThe firm found the number of people transferring their workplace...
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