The trading watchdog has made a string of recommendations to shake up the pensions market to make sure that millions of new savers do not sink their money into rip-off schemes. The Office of Fair Trading has been carrying out a study into the £275 billion defined contribution workplace pensions market, to look at whether such schemes offer value for money, if there is enough pressure on providers to keep their charges low and what size of pension pot savers are likely to end up with at retirement. At present, employers "may often lack the capability or the incentive to assess value for money", it said.
Video: Crackdown call on rip-off pensions
- Video: Prince Harry to leave the military this year
- Video: Prince Edward officially opens new £18m Strathearn School
- Video: Why Jennifer Lawrence, Andrew Garfield and Ryan Gosling skipped the...
- Video: Prince Edward attends a Duke of Edinburgh's award event at Belfast...
- Video: BBC presenter Stephen Nolan's erection confession live on air
- Video: Eddie Redmayne pictured as a woman for new movie The Danish Girl
- Video: Cork barman sings a stunning old Irish song as he pulls pints
Most Viewed Videos
Video: Carl Frampton v Chris Avalos angry weigh-in at Belfast's Europa Hotel
Jostling broke out...
Video: HomeFinder property of the week - Kilcoroon, Donaghadee
This week's Belfast...
Video: Lisa Dorrian - Crimestoppers offer reward for information on...
Ten years since the...
Video: BBC presenter Stephen Nolan's erection confession live on air
BBC host Nolan's erection...
Video: The Real Mr Nice - Trailer for the new Howard Marks documentary
'The Real Mr Nice' is a...
Northern Ireland Nightlife: Filthy McNasty's, Belfast - February 2015
The Eg, Alibi, Parlour, Roxy, Belfast
Valentine's night at night at the National, Belfast
Villa Nightclub, Belfast
Valentine's night at 21 Social
The Limelight, Belfast
Botanic Inn Belfast, January 2015
Northern Ireland Nightlife: Cuckoo - Winter 2014
Northern Ireland Nightlife: Sixty6, Cathedral Quarter, Belfast - Winter 2014/2015
Northern Ireland Nightlife: The Bar With No Name - January 2015
Northern Ireland Nightlife: Shine Belfast, December 2014
Northern Ireland Nightlife: Shiro
Isis burns thousands of rare books and manuscripts
Who have women voted Ireland's sexiest rugby players?
Through the keyhole in stunning Donaghadee home
Solar eclipse: When is it? How do I watch it?
Northern Ireland's 25 most expensive houses for sale
The Troubles gallery - IRA checkpoint, early 1970s
Reader pictures: Favourite Ulster beauty spots
Egypt names Hamas 'terrorist group' new
An Egyptian court has declared Hamas a...
Mugabe celebrates 91st birthday new
Zimbabwe president Robert Mugabe has marked his...
Arch held 25 tonnes of pigeon poo new
Around 25 tonnes of pigeon droppings have been...
Happy return for Pardew new
Alan Pardew returned to Upton Park and saw his Crystal Palace side put...
Liverpool's Brendan Rodgers admits Europa League exit could be blessing in... new
Charlton: LVG taken aback by United new
Sir Bobby Charlton thinks Louis van Gaal was...
Rita Ora: Mood boards motivate me new
Rita Ora knows some people think her way of working...
Jack Black: Music is in my blood new
Jack Black says acting requires far more...
Chris and Gwyneth's 'newfound closeness'
Gwyneth Paltrow and Chris Martin are apparently...