Lord Bradley, Labour’s Shadow Pensions Minister, responding to George Osborne’s comments on a pensions cap at PMQs, said:

“George Osborne’s dithering over a cap on rip-off fees and charges has meant savers who want to access their retirement income have risked losing thousands of pounds.

“Labour has repeatedly called for a cap on fees and charges and we’ll continue to press the government to act in the interests of savers.”

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