Our thinking on pension-fund charges is expensive and flawed

The argument that private pension savers need a scheme that offers radically lower management charges, leading to much bigger pensions, has been won.

11th February, 2006

The argument that private pension savers need a scheme that offers radically lower management charges, leading to much bigger pensions, has been won.

That’s according to the chairman of the Pensions Commission in Britain.

Adair Turner says everyone is now talking about charges of 0.3 to 0.5 per cent a year. ‘‘No one any longer is saying that someone on average earnings saving for 20 years is going to have to pay an...

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