We all know our pensions are in crisis - we aren't paying enough into them and we're living too long. But could there be another reason? Penny Haslam reveals the fees and commissions that take vast amounts from our pension pots. In some cases, more than two-thirds of the amount of money we pay into our pensions over the years is taken out in fees. Rather than heading for retirement with a golden parachute, some of us will be left holding a lead balloon.