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Pensions shake-up: Experts expect pension boost

Tom Selby, director of public policy at platform and SIPP provider AJ Bell, said having a common framework for comparing the value for money of schemes should encourage schemes into improving their offering rather than focusing mainly on costs.

A simple 'red, amber, green' traffic light system for pension scheme value could bring better clarity to workplace pensions and boost savings but may harm innovation, pensions experts say.

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