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Pensions—stop the residual rip-offs and put the customer first

“The government should require schemes to communicate in plain English”

By Ros Altmann   April 2020

Embargoed to 0001 Thursday February 27 File photo dated 12/09/18 showing models of elderly people on a pile of coins and bank notes.Pension savers are struggling to track down and understand their retirement pots, according to Which?

With the UK having the lowest state pension in the developed world, good private pensions are vital for delivering adequate retirement income. Auto-enrolment has successfully increased the number of workers paying into schemes. But increasing coverage and reducing the gender gap, which is even more unequal in pension income than in pay, should still be prime concerns. And ensuring reliable performance and reasonable costs across…

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