FundsNetwork to reveal fund manager rebates by month end

The platform will publish a list showing where customers' money goes for every one of the 1,200 funds it sells, according to a report in the Daily Mail. In most cases an annual 1.5% charge paid by the customer will be split 50/50, with the fund manager getting 0.75% for managing the portfolio and FundsNetwork 0.75% for administering the investment. If the FundsNetwork customer has another, separate financial adviser, then he or she will get 0.5% and FundsNetwork keeps a lesser 0.25%. In a minority of cases, where annual charges are significantly below or above 1.5%, this split will di...