Understanding Investment Costs and Fee Structures

This chapter explores the various costs involved in investing in funds, including fund charges, platform fees, and advice costs, shedding light on industry terms like OCF and transaction expenses. It emphasizes the impact of even small charges on long-term returns and the importance of minimizing costs for better investment outcomes. The discussion also covers different fee structures for pensions, the value of financial advice aligned with clients' needs, and the debate between passive and active investing to manage costs effectively.