Retirement
Life company pensions more expensive than platforms
Consumers may be losing up to £100,000 due to costs and fees
Drawdown investment pathways ‘fundamentally flawed’
AJ Bell CEO: It’s ‘a mandate for pension providers to line their pockets by peddling in-house funds’
Collapsed wealth firm clients get £4.4m in compensation
Company was declared in default in January 2020
Giving pension trustees more powers will not stop scams
As retirees are still at risk after transferring out of their DB schemes
85 UK firms investigated over pension scams
Six have already agreed to review their permissions as a result