Time to end this charges rip-off

Savers in the UK are being ripped off to the tune of £18.5 billion a year.

That’s thanks to hidden investment and pension fund charges, coupled with portfolio turnover and transaction costs – but many are totally unaware of these hidden charges and what they are really paying. I believe it is time for a fundamental change.

Many people do not realise there are hidden fees when investing your hard-earned money in ISAs, pensions and other investments. Addressing this practice is crucial, especially when nearly half of the UK workforce is not saving enough for retirement and every effort has to be taken to encourage saving.

To view the full article, visit the LoveMoney website.

 

Posted By: True and Fair, 8:40 am

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