Inactive Pension Funds reduced by excessive charges

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Petition Action

Inactive Pension Funds reduced by excessive charges

Additional Information

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.

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