Greig Middleton Financial Services, the fund manager's IFA division, has backed Government plans for pension league tables.
It says such tables are a vital component towards providing consumers with value for money.
And it suggests effective league tables would put pressure on providers to keep within a maximum 1.3 per cent annual charge.
Its findings come following a report commissioned by the firm after the announcement by the Chancellor of the Exchequer in the budget speech proposing into league tables for pensions costs and charges.
The research compares the products of 20 providers and uses different approaches to decide on the what the best method should be.
Report author John Chapman says the preferred methodology would be to use the reduction in yield version, which he describes as 'arguably the fairest method.'
But Greig Middleton warns that getting the best value from a personal pension plan is a wider issue than costs and charges alone.