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Industry experts believe Britain is sleepwalking into a pension crisis and this article explains one of the reasons why. Pension companies have finally agreed to come clean about hidden charges and fees, as the industry admits that it has not given “straight answers” to savers. Millions of people saving into private pension pots are routinely hit by hidden levies, which typically wipe more than £100,000 from the value of a middle-class worker’s pension. The head of the Association of British Insurers (ABI), which represents pension companies and fund managers, has written to The Pensions Regulator and the Financial Services Authority… continue reading