Hidden fees are the 'Loch Ness Monster of investments', says IA

James Phillips
Hidden fees are the 'Loch Ness Monster of investments', says IA

There is “zero evidence” to support the “hidden fees hysteria” that unknown costs are damaging pension funds, the Investment Association (IA) has argued.

Research from the industry body, published 9 August, estimates returns on equity funds are 0.71% per year above index returns. This is in comparison to an estimated -1.59% underperformance expected if...

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