Pension Plans - BBC Panorama P1- Who Took My Pension?

[MrBanjoed]

In this video clip, a registered blind pensioner is tricked into reinvesting his pension pot into a different scheme. He loses £12000 after six weeks incurred by commission and admin charges.

[MrBanjoed]

Banks are taking vast amounts of money from peoples pensions in the UK via admin fees and commission. These charges are levelled throughout the life of the scheme until it reaches maturity when the person retires. In a BBC Panorama investigation, they found some banks were taking as much as 80% of the total money invested in the scheme as admin, commission and annual fee charges.