Here's our weekly heads-up on the stories that may have caught your clients' attention over the weekend ...
Avoid these expensive investment funds In the wake of the Asset Management Market Study, recently published by the Financial Conduct Authority (FCA), this Telegraph article calls on investors who decide to buy a passive fund to be careful they are not being overcharged. While the FCA warned some £6bn of private investors' money sits in expensive versions of funds that track a stockmarket index, this piece highlights research from the lang cat, which calculates more than 10 times that - £64.5bn - sits in passive portfolios where the ongoing charges figure (OCF) is above 0.5%. The resear...
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