Richard Lloyd
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'Pension charge cap should be lower' - Which?

30 October 2013 Last updated at 09:15 GMT

A proposed cap of 0.75% on pension management fees could be too high, and might encourage some funds which currently charge lower fees to "push their charges up", a consumer watchdog has warned.

The government is consulting on a number of options for auto-enrolment schemes as part of what it has described as a "full frontal assault on pension charges".

But Richard Lloyd, chief executive of Which?, told BBC Breakfast that the detail of any plan would be vital to ensure a good deal for consumers.