Pension fees ‘should be disclosed’

Pension fund managers should be required to disclose their fees every six months to encourage competition and cut costs, according to pension advisory firm IFG Corporate Pensions.

4th June, 2011

Pension fund managers should be required to disclose their fees every six months to encourage competition and cut costs, according to pension advisory firm IFG Corporate Pensions.

Figures from IFG suggest that fees and charges on a typical €150,000 pension fund now exceed €250 per month, including the new 0.6 per cent government levy on private pensions.

‘‘The charges on pension funds can vary by 1 per cent or more per annum. If trustees were made...

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