BUSINESS MAVERICK: Fund management costs in SA have improved. Or have they?

According to the latest Morningstar Global Investor Experience study released in September, local fee structures have improved from “above average” to just “average” compared with the rest of the world.

Financial advice comes in many different forms, but normally, it’s what you pay your financial adviser. Brokerage cost is the fee you pay to actually buy the shares that form part of unit trusts, for example.Advice fees can vary by investor, advisory firm and account type, and fee schedules are not required disclosure in the same way as the various fees associated with a registered fund itself,” Morningstar reports.

South Africa’s Fees and Expenses grade falls to average in this study, because local unit trusts are relatively expensive, with a median of 1.60%, while the medians for local equity and fixed-income funds are 1.36% and 0.85%, respectively. When South Africa’s Retail Distribution Review was announced in 2014, much was made of how it would profoundly change the financial services industry. To meet its aims of professionalising financial advice, helping customers make informed decisions and promoting fair competition, it would require some major shifts in how products are accessed and paid for.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

SA must reduce cost of doing business to attract investment - Ramaphosa | IOL Business ReportSA must make it cheaper and easier to do business in the country in order to attract the investment necessary to build the economy at a faster pace. busrep busrep SA must allow exploitation of workers. busrep What’s the point of getting the investment when all the jobs are being taken by Migrants? Ramaphosa is an idiot! He is issuing millions of work permits to migrants and yet he says he is creating jobs for South Africans. This President is mad! busrep Government needs to deal with corruption, stop peddling lies. The ANC is the problem, as they are only interested in filling their own pockets. I have never seen a more destructive force than the ANC at work. They wont be happy until there is nothing left, then blame apartheid
Источник: IOL - 🏆 46. / 51 Прочитайте больше »