When it comes to costs look for Total Expense Ratio (TER) as this is the total of costs, both explicit and implicit and is the best comparison to use between providers.I think we're at the stage of looking at funds & costs - what are the key things to look out for there ? Obviously we want the lowest cost possible but would like to understand the things to look out for. TIA
Do all providers quote the TER though?When it comes to costs look for Total Expense Ratio (TER) as this is the total of costs, both explicit and implicit and is the best comparison to use between providers.
Surely the whole point of the TER is to reflect those and all other charges?I have seen a TER list covering funds from different providers. While TER is very relevant & an important decision point, I’m also interested in what to look out for in terms of actual transaction/annual costs
Good question. I thought it was and have always been given it when I asked.Do all providers quote the TER though?
Is it mandatory these days?
Any charges that universally applied, i.e. you can't avoid them have to be included in the TER. However, if there is a one off cost for say switching, amending a withdrawal etc then this could be quoted separately.I have seen a TER list covering funds from different providers. While TER is very relevant & an important decision point, I’m also interested in what to look out for in terms of actual transaction/annual costs to the individual: which funds provide the lowest cost in that regard.
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