Share this page:
Stay connected:
Welcome to the Citywire Money Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error

Fees - True and Fair Campaign
TJL
Posted: 16 February 2013 18:20:31(UTC)
#1

Joined: 14/03/2011(UTC)
Posts: 273

Thanks: 141 times
Was thanked: 142 time(s) in 76 post(s)
This seems to have a disappointingly low profile so far, but it seems a great idea.

Platforms are going to hate it.

http://www.trueandfaircampaign.com/
Forestbhoy
Posted: 16 February 2013 22:24:02(UTC)
#2

Joined: 13/03/2012(UTC)
Posts: 1

ahh.... if so in the real world....can't see who ever is in charge letting the truth out of the bag ...
Clive B
Posted: 16 February 2013 23:56:27(UTC)
#3

Joined: 25/11/2010(UTC)
Posts: 452

Thanks: 160 times
Was thanked: 100 time(s) in 63 post(s)
Says the campaign was initiated by SCM Private. If you go to their website, yes they have a lower AMC than some - at 0.75% + VAT (hence 0.9%) - but their Long Term Return Portfolio shows returns since 8 June 2009 of 49.3% (to Jan 2013).

That underperforms the FTSE Allshare which appears to have gained 54.7%

Suggests it would be better to stick to FTSE trackers with higher AMC, e.g. 1.5%, than SCM's Long Term Return Portfolio with lower AMC.

Moral (imo) - it's not fees that matter, it's net return after fees to the investor that counts
TJL
Posted: 17 February 2013 07:27:25(UTC)
#4

Joined: 14/03/2011(UTC)
Posts: 273

Thanks: 141 times
Was thanked: 142 time(s) in 76 post(s)
Yes, thanks.
I wasn't suggesting this as an investment (I appreciate who is behind it), I just thought the idea was interesting, especially if they follow it through, as fees & charges are a consistent theme here.
Regards.
+ Reply to discussion

Markets

Other markets