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Page last updated at 14:14 GMT, Saturday, 12 December 2009

Cash pension funds

Low interest rates and high fund charges mean thousands of pension savers are losing money in cash funds that are supposed to be a safe haven from volatile stock markets.

Savers in the Standard Life Pension Managed Cash are losing money because the 1% annual charge is higher than the returns on the fund. But it's not the only fund suffering.

How can you ensure a better return on pension funds on deposit?

John Douglas from independent financial advisors Invesco explains.

This item was first broadcast on Radio 4's Money Box on Saturday, 12 December 2009

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