Select Committee launches inquiry into pension costs and transparency
3 August 2018
Commenting on the Work and Pensions Select Committee’s inquiry1 into pension costs and transparency which has been launched today Helen Morrissey, Pensions Specialist at Royal London said:
“We welcome this inquiry which addresses key issues such as whether enough is being done to ensure people get value for money for their pension savings, understand what they are being charged and how they can get good value service from financial advisers. We will be sharing the work we have done in this area including our Value of Advice2 report which shows those who receive financial advice are on average £40,000 better off than their non-advised peers.”
The deadline for responses is 3 September 2018.
Notes to the editor
A link to the inquiry can be found here
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For further information please contact:
Helen Morrissey,Corporate PR Specialist – Long Term Savings, Royal London
Helen.firstname.lastname@example.org 07919 170 712
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £114 billion, 8.8 million policies in force and 3,637 employees. Figures quoted are as at 31 December 2017.
At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences forour customers. At the same time, it helps to build trust in our products and services.
Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/