Retail investment fees in UK remain above 2.5% a year - study

Research from Grant Thornton, first published in the Financial Times, revealed a retail investor purchasing advice and investment products from a single mass market fund group pays on average 2.56% in fees annually. This figure is only down about 10% from the average annual fee in December 2012, the month before the introduction of new rules for financial advisers as part of the RDR. At this time, average fees stood at 2.86%, according to Grant Thornton. Active management fees in the UK have seen sharp falls since the commission ban, according to Morningstar, but Grant Thornton's rese...