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Standard life tailored investment bond

Please forward this error screen to 75. Please forward this error screen to md-in-19. How can you track down what your fund costs? Investors are still waiting for industry to cough up full standard life tailored investment bond By Tanya Jefferies for Thisismoney.

Read this: How can you track down what your fund costs? Searching: How do you go about finding out fund charges? Can you find out precisely what your investment fund costs? The answer is you can get close, but only with difficulty if you rely on industry numbers. You need to be Sherlock Holmes to find the figures on fund manager websites – many of which leave out key details – and then you have to add them up yourself, according to the True and Fair Campaign which calls for transparent charges and launched its own calculator to fill the gap.

And don’t forget you want returns to beat the rate of inflation, which has been flat of late but historically averages around 2. Why are charges unclear and what is being done about it? Investors have been frustrated for years that fuller information about costs is not available from the industry. Fund managers must give details of their set management charges, but usually just give an ‘annual management charge’ or AMC. However, this is incomplete as dealing, legal and administration charges, performance fees for the fund manager and even marketing costs can add significantly to the cost.

The ‘total expense ratio’, or TER, used to be a more accurate though still not a full measure, but new EU disclosure rules have seen this replaced by the ‘ongoing charge’ which is similar. Top fund firm Invesco Perpetual took the lead by introducing a ‘Fund Management Fee’ or FMF in 2014. This is equivalent to the ongoing charge, but still doesn’t include dealing costs. The Investment Association, a body that represents and is bankrolled by fund managers, tried to make things simpler by announcing in 2013 that all firms would have to start publishing a detailed rundown of their charges. It proposed that costs were expressed in ‘units’ meaning at the end investors would have to multiply their final figure by the number of units they hold in a fund, which critics claimed was confusing and still fell short of full transparency. The IA stressed that cost was not the only criteria when it comes to choosing investments – it is about overall value for money too. The body suggested its new proposals would give investors a good sense of costs, which they could then compare to their investment returns in order to get a take on value.