Savers put off investing by high cost, research

MoneyFarm surveyed 761 savings and ISA account holders and found 33% of respondents were put off by investment cost. A further 23% said the complexity of current investment products caused them to shy away from investing. MoneyFarm said it was time the fund management industry dropped "unnecessary charges" in order to improve investor returns and encourage more to save. At a recent investment conference fund managers agreed the industry has to accelerate its efforts to become fully transparent on fees and charges if it wants to better engage consumers. But they were unsure charges ...