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CA and TUC unite to warn Brown not to raise cap

The TUC and the Consumers&#39 Association have united to urge the Government not to raise the cap to 1.5 per cent.
The groups have written to Chancellor of the Exchequer Gordon Brown to warn him that raising the cap and making stakeholder pensions more expensive will not help solve the pensions crisis.
TUC general secretary Brendan Barber says an increase of one half of one per cent in charges would force a consumer would have to increase their monthly contributions by 11 per cent.
He says: “The consumer would pay more, and get less.”

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