The hon. Gentleman is making a thoughtful contribution, but what he seems to be saying is that if I have a small amount of money, I can have a 50 basis points pension fund, but his proposal for the charge cap for active members is 100 basis points or 1%. If I have a lot of money in pensions, I have to pay 1%, but if I go off to an aggregator, it is 0.5%. Why is that a good deal?
Pensions Bill
Proceeding contribution from
Steve Webb
(Liberal Democrat)
in the House of Commons on Tuesday, 29 October 2013.
It occurred during Debate on bills on Pensions Bill.
Type
Proceeding contribution
Reference
569 c788
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2015-03-27 10:17:45 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2013-10-29/13102964000364
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