Go Dutch to Cut 40% of Pension Fees, Says Report ; Rsa Calls for Lower-Cost Occupational Alternative

Summary


CONSUMERS could see their pensions boosted by nearly 40% if new low-cost collective pension schemes were introduced, research has claimed.

A huge proportion of the money people save into personal pensions is used to pay fees, with charges eating up 40% of the value of a typical pension, according to the Royal Society for the Encouragement of Arts (RSA), which aims to encourage new ways of thinking.

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Extract


Go Dutch to Cut 40% of Pension Fees, Says Report ; Rsa Calls for Lower-Cost Occupational Alternative

The group is calling for low-cost occupational pension schemes to be introduced in the UK, similar to...

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