New protections for small pension pot fees

Thanks to automatic pension enrolment, over 10 million employees have already been enrolled into a workplace pension. But nobody should save into a pension only to find their hard-earned savings eroded completely away by charges.

Minister for Pensions @GuyOpperman: “Protecting savers and giving them value for their money is my priority. No-one should find their hard-earned pension savings eaten away by charges and this new £100 limit will make a massive difference.”

Guy Opperman – Minister for Pensions:

“Protecting savers and giving them value for their money is my priority. No-one should find their hard-earned pension savings eaten away by charges and this new £100 limit will make a massive difference.”

PAYadvice.UK 13/1/2021

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