Good to see Michael O'Higgins, the new Chair of the UK Pensions Regulator making a splash in his first interview. He's quoted in Tuesday's FT as saying providers should be obliged to compare their returns against their fees and other charges, including brokerage and dealing costs.
He admits transparency is key to building public trust in pensions, implying there isn't much.
He admits transparency is key to building public trust in pensions, implying there isn't much.
Add that level of transparency to the focus on improving administration and record-keeping, and we should see some more pension scandals come to light in 2011.
What fun!
Next job: fill the black hole.
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