High fees in UK pension plans can cost thousands: we need to look to Europe to find better ways of managing pensions

Abstract

In previous posts we have highlighted how pension systems must be adapted to the fact that we are living longer, and one of the most common recommendations is to incentivise people to save in personal private pensions. Leandro Carrera investigates how high fees in pension plans can significantly reduce final pensions, and what the UK can learn from other European countries’ pension schemes