Saga comments on Pension Minister's announcement about capping pension fees
Commenting on the Pension Minister, Richard Harrington MP's announcement about capping pension fees, Nici Audhlam-Gardiner, managing director of Saga Investment Services said:
"It is great news that the minister can highlight progress on capping pension costs. However, for too long pensions savings have been blighted by bloated fees charged by greedy pension providers. More Government action is needed to ensure that people who do the right thing are treated fairly by the financial services industry. Saga believes that greater transparency on fees and charges needs to be enforced and backed by sanctions for poor performers."