Why pension savers need more education on fees

Pension investments can come with radically different fees

clock • 4 min read

Education is key when it comes to pension fees, and there is no one better placed to deliver it than advisers, writes Ahmed Bawa

Significant numbers of pension savers have little idea that there are fees involved in their pension contributions, let alone the size of those fees. Recent research from Moneyfarm found that half of Brits were unaware that they were paying annual fees on their pension scheme, a staggeringly high figure. Even among those who do know that fees are being charged, one in two savers don't have the first idea what they are paying. What's more, almost three-quarters of pension savers said they wouldn't even know how to go about checking what they are paying in fees. It's not just that s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension transfers being 'unnecessarily' delayed due to scam warnings

Pension transfers being 'unnecessarily' delayed due to scam warnings

PensionBee argues there is ‘no clear correlation’ between the number of scam flags and the number of scams

Martin Richmond
clock 11 September 2025 • 3 min read
What is Reform UK's stance on pensions?

What is Reform UK's stance on pensions?

Reform UK recently held its 2025 conference at the NEC in Birmingham

Professional Adviser
clock 09 September 2025 • 5 min read
Could dashboards be the answer to Millennial pension apathy?

Could dashboards be the answer to Millennial pension apathy?

The dashboard rollout could be an inflection point

Paul Muir
clock 08 September 2025 • 4 min read