Fidelity demands action on misleading 'Ryanair' fund charges

The asset management industry must create an industry standard to bring greater transparency to investment charges, Fidelity Worldwide Investment said today.

Investors should be able to see the total cost of owning a fund - including fund, distribution and stock dealing costs as well as platform administration charges - and compare different products, it said. Gary Shaughnessy (pictured), Fidelity's UK managing director, said: "[We urge] all areas of the asset management industry to work together to make it easier for investors to see the total cost of investment. "We believe that the charging structure on funds should be simple, easy to understand and not discriminate against smaller investors." Analysis of the most popular UK funds av...