Hidden fees and complicated charges on pension funds impact retirement pots By Jessica Beard Updated: 14:12 BST, 24 July 2024 Savers are losing more than £1.2billion from their retirement pots each year by inadvertently moving their pensions out of their workplace schemes into ones with higher charges, new research finds. Hidden fees and complicated charges on pension funds are wiping up to a fifth off retirement savings, provider People’s Partnership warns.