I looked into this a few years ago and found the whole process incredibly frustrating.My question once more is whether any Irish pension provider can offer the small retail investor a better shake than this.
Ultimately, I decided to move my pension to Friends First (now Aviva). The disclosed AMC is 45bps and I pay an annual policy fee of €150. I got a "bonus" allocation of units (102%) and paid the broker a 2% commission (so I effectively got a 100% allocation).
The asset are all invested in State Street index funds of my choosing (I have zero interest in paying somebody to tell me how to invest my money).
So far the units seem to track the relevant indices with a tracking error (spread) of around 70bps.
I don't think that's particularly good value. In fact, I happen to think it's a bit of a rip off.
However, I have yet to find a cheaper option. If I did, I would move in the morning.