Wednesday 22 November 2017

Charlie Weston: High pension fees can swallow up one-third of your retirement fund

Charlie Weston
Charlie Weston

Charlie Weston Personal Finance Editor

SKY-high charges can gobble up as much as a third of the value of a pension plan, a new report has found.

And most people who are saving for their retirement are unaware of the impact fees and costs have on their fund, the report by the Department of Social Protection concluded.

High costs are particularly a problem for those with their own individual pensions, and those in smaller schemes. These are typically defined contribution pensions.

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