FCA focus on Fund Charges
If you are an investor and the stock market is climbing, who cares about the cost of managing the money.
When a ‘market correction’ takes place – your fund value drops, then charges are an issue
The FCA are right to challenge the Fund Management Houses, who claim to actively manage the money. Because when lazy management produces mediocre returns and the charges are high, a downturn in the market will throw these into the spotlight.
Advisers are asked to do due diligence on the choice of funds but with hidden charges, it’s almost impossible.
We’ve found an answer and can put hand on heart and say that our clients have no hidden charges.
Furthermore, we and they can hold the manager accountable.