A staggering 89% of scheme members do not know what charges they pay to their pension provider, while half do not even know they are paying fees, according to research.
The study, carried out for the People's Pension by YouGov found 51% of working age people with a pension did not know whether their provider was charging them to manage their savings.
People's Pension director of policy and market engagement Darren Philp (pictured above) said: "Our research reveals a worrying lack of awareness about pension scheme charges. At the present time schemes can charge in very different ways which makes comparison difficult and means consumers could be being ripped off."
The survey also uncovered high levels of demand for clearer disclosure of charges on pension savings.
The vast majority surveyed (94%) said providers should have to tell people how much they were charging them to manage their savings
Philp said: "This survey reveals a strength of public opinion that the government, regulators and wider pensions industry cannot afford to ignore.
"The public have made it clear that they want to see charges explained in a way that they understand, and which allows them to easily compare products."
The survey was carried out among 1,256 working adults aged 65 and under between 18 and 20 August 2015.
It was selected and weighted to be representative of all UK adults.
A lack of transparency over fees been a long running theme in the industry. According to PP research, it is difficult even for schemes to find out what they are actually paying in asset management fees.
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