03 August 2018

Select Committee launches inquiry into pension costs and transparency

3 min read

Helen Morrissey, Personal Finance Specialist
Helen Morrissey

Corporate PR Specialist – Long Term Savings


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.

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Note to editors

A link to the inquiry can be found here

1Pension costs and transparency inquiry launched (archived)

2The value of financial advice - A Research Report from ILC-UK 

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.

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 for our 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/