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Isa hidden charges slammed

Investors in Isas are paying additional charges not included in the annual management charge amounting to £22m a year, according to fund researchers Fitzrovia International.

The discrepancy comes from non-investment management charges, paid to third parties such as administrators, trustees and auditors, which are not always included in the stated management charges.

Fitzrovia chief executive Paul Moulton says: “There is no reason why Isa investors can&#39t be shown a single figure which is a fairer and more accurate indicator of annual charges than the management charge alone.”

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