The Big Question: Do UK fund charges need to be more transparent?

Richard Saunders, chief executive, IMA Could be improved   Of course fund charges need to be as transparent as possible. And they are. The ongoing charges figure – mandatory under European law – wraps all continuing charges into a single figure. And other charges, for example initial charges, are disclosed alongside. There are also the costs of investing the underlying portfolio. These are quite different in nature from the charges to the fund. They are an inevitable part of investing, and a lot cheaper for a fund than for DIY investors. They too are disclosed, but only in the ...