The latest addition to the FSA’s Comparative Tables has been designed to help consumers compare more than 80 personal and stakeholder pensions, and is based on a series of key factors.
These factors include the effect of charges and deductions over the lifetime of a pension, whether payments are invested in a unit-linked or with-profits fund, and whether a provider charges if payments are increased, decreased or missed.
Christine Farnish, consumer director at the FSA, said: “There is no financial decision that is more important than buying a pension. Our latest Comparative Table makes it easy to see what sort of deal personal pension providers currently offer. It will not choose a pension for you but it does put some useful facts at your fingertips and will help you draw up a shortlist of products to investigate further or talk to your financial advisor about.”
