Welcome victory in the war on investment platform fees

Changes to the rules mean fund supermarkets are rethinking how they charge for their services. Piper Terrett explains what that means for you.

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.

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Piper Terrett is a financial journalist and author. Piper graduated from Newnham College, Cambridge, in 1997 and worked for Germaine Greer and for Adam Faith’s Money Channel before embarking on a career in business journalism. 

She has worked for most top financial titles, including Investors Chronicle, Shares magazine, Yahoo! Finance and MSN Money. She lectures part-time at London Metropolitan University and is the author of four books.