So far, it’s been a good year for investors. New rules brought in by Britain’s investment watchdog, the Financial Conduct Authority (FCA), are making it far easier to work out just how much it’s costing you to invest – and who is taking the money from you.
The old, opaque system of 'trail commission' – which meant that part of a fund’s annual management charge (AMC) was passed back to fund supermarkets and brokers to pay for their services – has been thrown out. Instead, we now have new 'clean' versions of funds that don’t pay trail commission and have [...]
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