Initial Charge and TER – What Exactly Are They?

Due to the RDR (Retail Distribution Review), all IFAs and Agencies must make their charging model transparent and available upfront before customers invest in any of their products. This is due to take affect at the end of this year. With so many hidden costs and monthly percentage charges, it is so hard for small investors to keep track of what their investment return is. So it is important that we understand what we are being charged for, and what to expect when investing in funds.