Winning the costs war

We are beginning to be pleased with the way some things are going in the financial industry. The Retail Distribution Review, along with campaigns from us and other organisations for transparent and low-charging structures, is slowly bringing down costs.

If you want to invest purely in tracker funds (in which the manager tracks the market as a whole rather than trying to add value by picking the best stocks), you can now do so with Fidelity for just 0.07%. That’s not bad at all.

Meanwhile, there is something of a backlash against fund managers whose funds behave [...]

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