Investment Charges Are Changing

New industry rules will affect your investment fees and adviser fees, which could have a knock-on effect on your portfolio returns

Alanna Petroff 30 November, 2012 | 3:34PM Holly Cook

This article is part of Morningstar’s special series about the Retail Distribution Review (RDR)It was updated January 2013, after originally being published November 2012.

New industry rules mean the fees and charges you pay on your investments are probably going to be changing in 2013, and that could have a knock-on effect on your overall portfolio returns. The new rules are called the Retail Distribution Review (RDR) and they were put in place by the Financial Services Authority (FSA) on December 31, 2012. The rules were designed to ensure that there is more transparency in the industry, especially when it comes to investment fees.

One of the main things RDR is changing is adviser commissions. For the most part, adviser commissions are being scrapped. On the surface, it looks like this change could mean more money for investors over the long run, however, new charging structures that are being put in place do not guarantee more money for individual investors.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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