Crackdown on 'poor value' pensions

19 September 2013 Last updated at 02:18 ET

Pension values could be boosted by thousands of pounds if charges are reduced

Millions of people saving for a pension in the UK do not get value for money, according to the Office of Fair Trading (OFT).

It is recommending a series of reforms, including new powers for the Pensions Regulator.

But it has stopped short of recommending a cap on management charges.

It said pension schemes containing £40bn worth of savings may be delivering "poor value for money".

Source: BBC News - Business http://www.bbc.co.uk/news/business-24153012#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa