Torquil Clark has produced an investors guide to pension charges covering the main types of charges used by pension companies and guidance on how to get the most out of your pension plan.
The IFA says over the last 15 years, the difference between the best and the worst fund performance including charges was a massive £173,916.
Head of Pensions Tom McPhail says: 'We can save investors money on charges, but that is only half the story, you also need to look very carefully at where you invest your money. Reducing the charges you pay is obviously important, selecting the investment strategy that is right for you is even more important. If you aren't comfortable making such investment decisions, then you should seek advice from an IFA'