Stephen Metcalfe, local MP
for South Basildon and Thurrock, has today welcomed plans to radically reform
pension charges. The changes are designed to help people who have been saving
for their retirement.
Conservative MP and
Financial Secretary to the Treasury Sajid Javid MP announced that the
Government will:
- Introduce a cap on pension charges to save hardworking people thousands of pounds.
- Make sure employers and savers are better-informed about the pensions available, so they can make the choice that is best for them.
The Government will now
consult on the best way of reducing these charges.
Mr Metcalfe commented:
“This is great news for hardworking people in South Basildon and East Thurrock
who are, or who have been saving for retirement. It will help ensure they get
the value for money from their pension that they deserve.”
“Conservatives have
already taken action to cut fuel duty and income tax and we are changing the
law to force energy companies to put customers on the lowest tariff. This
announcement is another step Conservatives in Government are taking to help
people up and down the country and I look forward to seeing the reforms
implemented.”
