“The regulators and industry should take urgent action” – our response to IPB report on legacy pension schemes

Which? executive director, Richard Lloyd, said:

“Billions of pounds of consumers’ hard-earned money are stuck in rip off pension schemes, and savers shouldn’t have to wait until the end of next year to see reform of this unfair system. The regulators and industry should take urgent action to end unfair exit fees and do more to help consumers switch to better value products. All savers should be able to feel confident that the pensions industry is looking after their interests.”​

Statement