Pension savers get 'poor value'

Source BBC News@ tienganhvui.com

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".

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Posted in: BBC News,World News of the Day