How to cut down on broker fees

If you invest in ‘open-end’ funds (such as unit trusts), we have good news – your costs are likely to drop over the next few years. That’s because the ‘trail commission’ payments made by fund managers to brokers (which ultimately come out of the money you’ve invested) are being banned.

Instead, brokers will charge you directly for looking after your money, and this will be both more transparent and less expensive than paying the broker indirectly via commission. It’s about time – as we’ve often noted here at MoneyWeek, unit trusts have rarely represented the best-value way to invest.

But [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking