Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.
The price war involving both exchange-traded fund (ETF) providers and index funds was restarted again last week when Legal & General Investment Management (LGIM) cut fees on a swathe of its tracker products....
£300bn of liabilities
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Appointed by FCA and PSR boards