Consumers should be given TERs - Chartwell

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 ...