Unit trusts: A new world of lower fees

Banning commission will mean a major change in the way that fees are charged on the most popular type of investment fund of all – the unit trust. Cris Sholto Heaton explains what’s happening – and how to make sure you are paying as little as possible.

RDR changes will be messy, but investors will be better off, says Cris Sholto Heaton

Even if you don't use a financial adviser, the RDR will still affect you, because banning commission will mean a major change in the way that fees are charged on the most popular type of investment fund of all the unit trust. Here's what's happening and how to make sure you are paying as little as possible.

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Cris Sholto Heaton

Cris Sholto Heaton is an investment analyst and writer who has been contributing to MoneyWeek since 2006 and was managing editor of the magazine between 2016 and 2018. He is especially interested in international investing, believing many investors still focus too much on their home markets and that it pays to take advantage of all the opportunities the world offers. He often writes about Asian equities, international income and global asset allocation.

Cris began his career in financial services consultancy at PwC and Lane Clark & Peacock, before an abrupt change of direction into oil, gas and energy at Petroleum Economist and Platts and subsequently into investment research and writing. In addition to his articles for MoneyWeek, he also works with a number of asset managers, consultancies and financial information providers.

He holds the Chartered Financial Analyst designation and the Investment Management Certificate, as well as degrees in finance and mathematics. He has also studied acting, film-making and photography, and strongly suspects that an awareness of what makes a compelling story is just as important for understanding markets as any amount of qualifications.