The government wants to limit charges on some workplace pension schemes. A good idea?
If you pay into a workplace pension, do you have a nagging suspicion that the pension company is taking a large chunk of it in charges? If you are in a final salary scheme, you don’t need to worry because your employer has to pay the pension they’ve promised. But if you’re paying into a stock-market based fund (perhaps through automatic enrolment), the more your pension company charges the less you’ll get at the end of it – in general terms anyway. What’s the government proposing?