IN THE BACK
The UK ’ s investment platform industry has served a diverse range of market segments over the past 25 years and continues to grow , albeit more slowly than it did during the pandemic
Most investors need the 11 platform features shown on the previous page and should be prepared to pay a premium on top of the fund charges themselves . That gives me the chance to have a small whinge about annual management charges ( AMCs ) for active funds , which usually sit north of 0.75 % per annum .
The typical platform fee sits at around 0.3 % per annum , which looks like good value compared with the very high management charges of the funds themselves . When you compare some of the UK ’ s most popular passive ( tracker or ETF ) funds , which come in at 0.2 % per annum or lower , active funds look expensive .
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