The Treasury has been urged to cover up the true cost of pension stealth charges or risk 'permanent damage' to Britain's savings culture. Greedy investment managers nab an astronomical £62.7billion a year from the £2.1trillion held in savings and pensions by exploiting hidden fees, the Government's advisers said.
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HOW TO RETIRE IN RICHES
Pensions - guide gallery
Whether retirement is 40 years away or just round the corner, follow our comprehensive guide to retire in riches
YOUR PENSION: ESSENTIAL READING
Beat the pensions crunch: Get a better retirement despite record low annuity rates
A horrible combination of falling gilt yields, quantitative easing, people living longer and new solvency rules for insurance companies means that rates are at a record low. In this special report, Personal Finance Editor Jeff Prestridge explains how to get the best deal from your pension fund. ...read
Latest from Pensions
- Move jobs and you will see small pension pots locked up until 55 under new rules
- Confusion after ministers hail public sector pension deal only for unions to withdraw after Pickles intervention
- Public sector pensions deal in the offing as Government appeases union chiefs with re-jig of terms
- Government close to sign deal with unions over pensions of millions of public sector workers
- Keep Britons in dark over rip-off pensions charges! Advisers warn Treasury to cover up truth
- Win a 15" 750 GB MacBook Pro and a year’s free subscription to MoneyVista
- Warning to young employees opting out of auto-pensions
- Strikers are 'pointing a gun at taxpayers' heads' warns Lord Hutton as he calls for reforms
- 'Drawbridge rising' as gold-plated pension pots are phased out of private sector
- 935,000 policyholders still waiting for Equitable Life payout
- How to beat the care crisis? Put your question to Government care tsar Andrew Dilnot
- What next for annuity rates? Your guide to getting the most from your pension pot
- Pension payouts crash 10% since summer... is now the worst EVER time to retire?
- The mid-career pensions squeeze: How the cost of getting your £20k a year retirement has rocketed
- New pensions deal for low-paid NHS staff expected today called a 'swindle' by angry unions
ASK A PENSIONS EXPERT
Aviva asked for a £50 cheque to put into my private pension - but it has vanished
Aviva wrote to me in February to say they could not take direct debits at that time and could I pay by cheque, so I sent £50 - but it appears to have vanished.
MORE PENSIONS NEWS
Pension age 'could rise one year every seven' hitting 68 for today's 40-year-olds
Today's 40-somethings are being warned the pension age may have hit 68 by the time they retire if governments keep jacking it up at current rates. John Lawson, of major pension provider Standard Life, thinks ministers have developed a 'seven-year itch' when it comes to the hikes. ...read
MUST READ FROM PENSIONS
- Pensioners are suffering for 'greater good' of boosting the economy Controversial admission from pensions minister Steve Webb
- Pension vs Isa: The big debate Which is better, an Isa or a pension? Let us know your thoughts
- State pension age 'free' to hit 68 by 2027 New official life expectancy projections will allow the Government to tear up the pension age schedule
- JEFF PRESTRIDGE: The £100,000 pension pot annuity shock How money printing and falling gilt yields are destroying annuity rates
- JAMES CONEY: MetLife brings American-style pensions to UK How a 'fixed-term' annuity can help squeeze more from your pension
- Workers hit with double pension charges when they switch jobs Costs shoot from 0.6 per cent to 1.4 per cent - eating 20% of their pot over 25 years
- Pension saving at 55-year low: Just one in seven workers pay into their company scheme Some 8.3m were saving into a work pension last year
GUIDES AND TOOLS TO HELP YOUR PENSION
New state pension age: Find out when you will be able to retire with our guide
By 2020, all Britons will have to wait until they're 66 before they can retire. The new rules apply to both men and women. In the meantime, a confusing schedule could hit your plans. We explain the upcoming rule changes to the state pension age. Find out when you will be allowed to retire ...read