Money & Finance: Show some fee enterprise

Inertia on ‘astronomical’ broker charges could be costing you a lot of money

The markets have a way of punishing the hubris of amateur investors Pic: Getty

Investors come in different guises. There are those – the majority – who use the services of professional advisers and retail fund managers who work for the large life assurance and pensions companies (sometimes inadvertently by becoming members of an occupational pension scheme).

Others prefer to avoid the retail market, thinking they can do a better job of the investment process themselves. They put together their own pension funds, stock market and property ...