Hidden costs and charges
What's being done about the 'hidden' costs of pensions, investments and savings?
Money Box · BBC Radio 4
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Show Notes
You may not have heard of some of them; transaction charges, custody charges, collateral management costs, but these hidden pensions costs can have a real effect on your savings over the years.
It's been estimated that charges - including a notional 1% which are hidden - could destroy a quarter of the value of a pension over 30 years.
Why, when they matter so much, is it so hard to get the full picture and what can you do about it?
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Panel guests: Chris Sier, academic and transparency campaigner Michelle Cracknell, The Pensions Advisory Service Jeff Houston, Secretary of the Advisory Board to the Local Govt Pension scheme
Presenter: Lesley Curwen Producer: Alex Lewis Editor: John Murphy