Up to 60% of Irish pension funds are eaten up by charges and fees, says report

The new findings have led to calls for increased transparency around the charges and fees involved with pensions. File Picture

Up to €6 in every €10 in pension funds are being swallowed up by fees and charges, according to a new report.

In 2012, a Department of Social Protection report found that charges on pension pots amounted to roughly 2.18 percent each year.