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Just over seven in 10 (72%) of people who had recently transferred their pension did not know the exact fees for their old pension, or their new charges, according to a survey for People's Partnership, which provides the People's Pension
Retirees could be left more than £70,000 worse off in their retirement due to a lack of awareness around fees and charges when transferring their pension, research from People’s Partnership finds.
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The People’s Pension has become the first independent master trust in the UK to reach £25bn in assets under management (AUM) today.
