UK funds still paying IFA commissions stand at £184bn – Financial Times

Close to £184bn of UK investor money is languishing in expensive funds that still pay commissions to financial advisers, despite efforts by the financial regulator to stamp out conflicts of interest and overcharging.
According to the consultancy [Fitz Partners], 23 per cent of retail fund assets in the UK are held in these funds, which on average cost 59 basis points more than commission-free equivalent funds.

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