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Cap on pension profiteers welcome but 'not enough'
Ministers announced plans to slap a 0.75 per cent cap on pension scheme charges
Ministers announced plans yesterday to slap a 0.75 per cent cap on pension scheme charges that help line the pockets of industry bosses.
Pensions Minister Steve Webb said the change, effective from April 2015, would transfer an estimated £195 million from pension industry profits into savers' accounts.
But many felt that the cap wouldn't "fix the problem."
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