Robo-advisers use overcomplicated language and do not communicate the full cost of investing to consumers, a report from Boring Money has claimed.
The research, which involved 15 consumers assessing 15 online investment propositions in "deep-dive" interviews, found just one of the testers could calculate the cost of investing a £1,000 sum using a...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months