In Britain we have about �4trn in savings. This includes�about �500bn in higher-interest bank accounts, �500bn in unit trusts, �800bn in pension funds, �680bn in low-interest bank accounts and �1.5trn with insurance companies. On around �3.5trn of this money we’re losing about 3% a year in charges, fees, commissions, penalties etc. This means we’re paying about �104bn a year, over �400m every working day – about �1m a minute to financial services insiders. On unit trusts we’re paying an unbelievable �59m a day; on pensions it’s an extraordinary �95m a day. If we lived in Holland or Denmark, on our pension savings we’d be paying about a third of what we pay in Britain. We are being fleeced and that’s makes financial services insiders a lot richer than the people whose money they manage.