The Labour Party are finding a bit of leverage in the polls. But then seem to struggle the moment their leader opens his mouth…
Ed Miliband has been at it again- talking first, thinking later. The problem is he’s been talking about pensions this time. He may think he’s helping by criticising high administration charges, but sadly, when notable politicians criticise the pensions industry, the general public respond- by avoiding that industry!
People who may have invested in pension plans may not do so now because a senior politician has questioned an industry practice. Miliband may be partly correct- there are some high charges still, but generally charges are coming down. And just when we wanted some confidence in the industry with Auto-Enrolment rapidly approaching, Ed’s gone and put his foot in it- or should I say his mouth in it.
