Reinvesting initial charge could make more money than original investment, says survey

Consumers who avoid paying an initial charge on a product could actually earn more than the original sum invested if they put that money into an investment product, according to a new survey. Research commissioned by Virginmoney and conducted by Lipper Reuter looks into the long-term effects of initial charges on unit trusts and Isas between 1999 and 2001 and suggests that the average initial charge of £39.40 would have exceeded the original £1,000 investment in less than 20 years, had it been invested. Virginmoney goes further to suggest that the difference between buying an outper...