As regular readers will know, changes to rules on commission payments for fund supermarkets (or ‘platforms’) are forcing these companies to rethink how they charge for their services.
In short, your platform used to make its money via commission payments from the managers of the funds that you held through it. To make the cost of investing more transparent, these commission payments have been banned. So now platforms have to make their charges explicit.
This is good – transparency makes it easier for investors to compare services and makes for a more competitive market – but it has [...]
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