(Bloomberg) — David Cameron said he's concerned about reports that British pension companies are charging customers who wish to draw money out of their funds.
The prime minister's government announced in 2014 that savers would be able to withdraw money from pension funds without a penalty to help them avoid being forced to buy low- yielding annuities.
The Daily Telegraph newspaper reported Saturday that pension providers are constraining savers' flexibility by imposing fees and restrictions on people drawing on their funds.
