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FCA Exposes Hidden Pension Fees | Glasgow News
Description
The UK’s Financial Conduct Authority is sounding the alarm on outdated pension plans, revealing millions are overpaying for underperforming products due to legacy fee structures and obsolete tech. Under new Consumer Duty rules, the FCA is forcing providers to identify and fix unfair charges, with some already cutting fees and upgrading customers. If your pension hasn’t been touched in years, now’s the time to check if a modern alternative could save you money — loyalty shouldn’t mean paying more.
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