OCF/TER fund manager charges
Most investment fund managers make an initial charge for investing in their funds.
Fund managers will also take charges that depend on the investments chosen. These charges will be expressed as the ongoing charge figure (OCF) or total expense ratio (TER). These cover the charge made by the fund manager for managing the investment as well as expenses incurred by the fund. Please note the OCF and TER are variable and may change over time.
Structured product charges
Companies providing structured products may take a charge. This will vary from product to product. You can usually find details of the charge in the provider’s literature.
In addition to the annual management charge, structured products also include a charge built into the product, which isn’t usually explicitly shown.
We clearly define the returns and quote them net of all fees and charges.