Skandia returns fire as battle over fee disclosure heats up

Last week, FundsNetwork said full details of the fees it receives from fund management groups will be freely available on its website from 1 September.  The move has put pressure on fellow fund supermarkets Skandia and Cofunds - also operating bundled charging structures - to follow suit. Whilst FundsNetwork stressed the decision to disclose its fund manager rebates was taken in an effort to create a more transparent market, Skandia has suggested a "B2C issue" could be behind the move. "One reason FundsNetwork has done this is because it is getting a lot of pressure from consumers ...