Regular reviews into the audit fees paid by unit trusts and Oeics have been called for followin...
Regular reviews into the audit fees paid by unit trusts and Oeics have been called for following research into the matter. Audit fees of between £1,387 and up to £10,559 on average are being forked out, per fund, by fund management companies' open-ended funds. Some of these are overly high says research company Fitzrovia International. Paul Moulton, chief executive of Fitzrovia International, said, "Surely it is important - for both fund companies and investors - that audit costs, which impact on fund performance, are regularly reviewed." Across 84 fund management companie...
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