Investment fees: FCA plans shake-up to help investors

Investment fees: FCA plans shake-up to help investors
 

Investors should be quoted a single "all-in fee" so the amount taken in charges from their investment returns is clear, a regulator has said.
The value of the invested savings and pensions of millions of people in the UK are dependant on asset managers.
In a damning report, the Financial Conduct Authority (FCA) has said there is weak price competition, leaving customers paying high charges.
An industry association said price transparency had been improving.
Value for money? The FCA has studied the asset management system for a year, and has now published its interim report.
In a... read more

 
18 November 2016 in Business, Views: 35
Source: BBC
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