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Campaigns | Pensions

Pensions media image 339541
Hands Off My Pension

Mission statement

We campaigned to get pension fees under control. The Government announced plans to reform the pensions market and consulted with businesses and consumer groups on proposed changes, including a cap on charges. On the 27 March 2014, the Government confirmed it will cap pension charges at 0.75%.

Campaign asks

We called on the Government to:

1. Set the pension charge cap at 0.5% rather than 0.75%.

2. Roll out the cap to cover all new and existing workplace pensions, rather than just new auto enrolment schemes.

3. Stop charges from being increased when people switch jobs.

4. Ban commission payments for auto enrolment schemes, as well as consultancy charges for all pension schemes.

5. Make sure clear, consistent and regular information is provided to consumers about their pension charges.

6. Set up independent boards to oversee pension schemes with clear legal duties to get the best deal for scheme members.

Take action

This campaign has closed

62,588
petition signatures
Help us reach 63,000