Newton Fund Managers have claimed that many investment funds are a rip off, with hidden charges bringing the total expense to double the stated annual management fee.
The company believe that this is particularly the case with property funds, as charges can reach around 5%, which eats into much of the investment growth.
Charges for these types of funds include managers' fees, and the costs of solicitors, valuers and property management.
Our view
This is why Independent Financial Advisers such as exist to sniff out the better deals for clients. Contact us for advice.