An ever-deepening rift is forming between younger retail investors and the financial services industry, writes Davide Fioranelli, co-founder of Freetrade.io
Investment trust fees have come under fresh scrutiny in recent months, with a number of managers reducing costs or introducing new charging structures in a bid to stay competitive with open-ended peers.
"To protect more than a million financial services jobs"
Cuts minimum holdings to quality for loyalty scheme
Follows number of recent fee changes
The Financial Conduct Authority (FCA) is understood to be moving away from the idea of putting a cap on fund charges as part of its wider review into competition within the asset management sector.