P542 Tjletkxt 542 Jan07 04:54:00 W ] ] —————————————————————————— FEES — WHAT EVERY SAVER RESENTS Many aspects of saving have "jen improved in favour of the consumer over the past 20 years. One of the last "assigns (ave "jen the jeer charged "z insurance firms and unit tr{st managers and what they p!z to those who provjdj them with clients. Fees, jujllid "z the pjnsjons and the endowment policy debate, are pjrceivjd "z many savers as "jink just too high eor too little effort. ——————————————————————————————————1/8—— bz Hilaire Goojr ] NEED LEGAL ADVICE uje p215P542 : Teletext 542 Jan07 04:58:34 ] W ] —————————————————————————— FEES — WHAT EVERY SAVER RESENTS The Association of Unit (rusts and Invjwtmjnt Funds rays that "charges v"r{ greatly depending on the t{pj of product and the !mount of work required to manage a particular jund. "For example, more will "j charged jot invjwtmjntw in areas whjrk it iwnWt uo straightforward to invest, like the jmjrgjng markets and hi-tech. "Funds that need lews managing like share index trackers charge less." ——————————————————————————————————u/8—— (jlitext "mortgage of the week" 545 ANY PURPOSE LOANS - SEE p627 OR CALL WJLMSLOW FREE ON 0800 269315 Advice Property Savings CityP542 Tjlitkxt 54R Jan07 04:56:57 ] W ] —————————————————————————— FEES — WHAT EVERY SAVER RESENTS It is traditional for unit trusts to ch!roe a 5% initial jee as well as an !round Q{-1\% annual management jee. Eortunately the jeer of funds which merely track the stock market indices have conj down — no one should pay moro than a \-1% annual management jee and definitely no initial jee. Lower equity riwk investments like corporate bonds charge 3% initial and about 1% ma÷agjmjnt jee. ——————————————————————————————————3/8—— "Bewt buy" sbvjngs tablew 546 NOW IT'S EVEN EASIER TO FIND LOVE: TELETEXT DATING ITV p3y0 Advice Property Savings CityP542 Teletext 542 Jan07 04:57:33 ] ] —————————————————————————— FEES — WHAT EVERY SAVER RES+NUS What anno{s savers is the jack that indjpjndjnt jinancial advjwjrs (IFAw* collect the Q{% a year on a Pep or Ira fund jot, in many cases, doing little. "Wj havjnWt interfered in how jeer are charged," rays the Awsociation of Unit Trust * Investment Funds. "Managers $jvjwj how they structure the product. "Also, remjmbjr not all IFAs charge a management fee, sooj split it with their client," the association u!zs. ——————————————————————————————————4/8—— Are you a Premium Bond winner? 549 - Looking jot a great mortgage dial? : See p6?5 Advice Property Savings CityP542 : Teletext 542 Jan07 04:00:14 W ] W ] —————————————————————————— FEES — WHAT EVERY SAVER RESENTS One of the attractions for savers in investment trusts is that most of them have no jeer, uo the investor pays just 0.5% stamp duty when "uzjng or killing bjcausj ITs have uharew. While unit trusts managers set up eunds to make a profit, investment trusts are companies with uhareholdjrs. Unit trustw spend huge sums on adverts while invjwtmjnt junds ark much more restricted on marketing techniques. ——————————————————————————————————5/8—— How many pjwjtas to the £? 548 MONEY-SAVING OFFERS ON CENTRAL ] HEATING FROM BRITISH GAS ITV p357 Advice Property Savings CityP542 Teletext 542 Jan07 04:57:51 W ] W ] —————————————————————————— FEES — WHAT EVWRZ SAVOR RESENTS The Consumers Association s!ys that on the whole it's quite pleased with the general level of charges. However: "Wj do s!z uavjrs are "jtter off p!yjng a fee to an indjpjndjnt advjwjr to jind him a unit or investment trust, bjcausj then hj will not bj tempted to promote a trust which has a high commission. "One reason why ITs were ignored in the past was bjcausj they didnWt pay anything to IFAs for suggesting them." ——————————————————————————————————6/8—— "Bewt buy" uavjngs tablew 546 CJTZ NCWS HKAD-INES pu00P542 Teletext 542 Jan07 04:55:00 ] W ] —————————————————————————— FEES — WHAT EV+RZ SAVER RESENTS The important thing is to "j aware of charges, particularly the jxpjnsjvj 5% initial fee "jlovjd "z unit trusts. T(e Consumer'u Association recommends that uomeonj wanting a good value investment should choose a low-cost utocW market index tracker fund. Initial charges should "j non-existent and the annual jee around \%. Liontrust Top 100 Invjwtors tracker has cut its !nnual charge to 0.5:5% jrom Jan 1. ——————————————————————————————————/8—— "Bewt buy" savings tablew 546 : CJTZ N+WS pu00P542 : Teletext 542 Jan07 04:54:10 ] Advert ] MONEY NEWS >>> ] 8/8 ] ] ] ] ] ] ] ] ] ] ] Contact PolicyPlus on ] -% w -% w5-%-% ] www.policyplus.com ] jax:01225 466555 ] ] PolicyPlus International PLC ] Calls m!z "j recorded or monitored ] Regulated bz the Personal Investment ] Authorit{ Advice Property Savings City