Petition Inactive Pension Funds reduced by excessive charges

More details

Company Pension funds not assigned or transferred to another scheme when a Company goes into liquidation results in the funds of the employees being reduced to nothing if they are not transferred. Ex employees may believe the fund is frozen and interest added; but the charges continue to be taken with penalty charges levied when contributions stop.
I think the funds should be frozen and the funds should earn interest. A pension is a form of saving so charges should only apply when the fund is being actively invested.

This petition is closed This petition ran for 6 months

1 signature

Progress of the petition towards its next target: 1 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 14 November 2012
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