According to The Guardian, a group of UK Labour MPs believes pension savers should be allowed to question retirement fund managers and to elect trustees to occupational schemes.
The demand follows a string of critical reports on the pension fund industry including BETTER FINANCE's "Pension Savings: The Real Return" in which it is concluded that in Britain, pension schemes lost 0.7% a year between 2000 and 2012.
The report was also mentioned in an article in Finfacts Ireland. Focusing on the Irish budget for 2015 and especially in the new pension tax, the article reflects on "the pathetic returns on pensions in Belgium, UK, France, Italy and Spain".
Please find The Guardian article here and our press release on the launch of the report here.