IFA firm Chartwell has kicked off a campaign to push for disclosure of total expense ratios rather than annual management charges which the firm believes to do reflect the charges investors incur.
In contrast to a media campaign by the Investment Management Association and some investment houses which suggests TERs are confusing, Chartwell Investment Managementsays use of the AMC on its own is detrimental to consumers’ understanding of investment charges as only the TER allows them to know exactly what they are paying. Its decision to push for the use of TERs now by investment providers follows FSA proposals requiring collective investment scheme prospectuses include TERs from 2008.Rather than suggest the use of TERs is confusing to consumers, Chartwell accuses lobbying groups of ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes