Friday 20 October 2017

Pension charges are just a rip-off

THE fees of pension providers are outrageous ('BoI arm "charging very high fees" for pensions', Irish Independent, February 22).

A fee of 0.75pc may seem small but it is paid every year.

If the assets in your fund go from €10,000 to €1m the fees go from €75 to € 7,500 every year, although no extra work is involved.

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