The real charge on your fund could be as much as 3 per cent TIM PLATT/GETTY IMAGESWhat do you pay the people who manage your money? Is the real charge on a stock market fund or pension plan a modest 0.75 per cent, as indicated in the literature, or closer to 3 per cent, a fee that will make a severe dent in your return? This issue is the subject of a row between Professor Chris Sier (the person appointed to ensure that financial groups disclose all their costs and hidden charges) and the financial services industry. Professor Sier told The Times this week that the cost is closer to 3 per cent a year. He argues that this could be cut to 2 per cent if all groups took a smaller slice of the investor’s cake.

Source: The Times December 16, 2017 00:04 UTC