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SA's investment fees are high compared to abroad | Sable International

Oct 22, 2015
Few South African clients are aware of the fees they are paying on investment products and are shocked when they discover how high they are relative to offshore offerings, according to Mike Abbott, head of London-based Sable Wealth.

Implemented in the UK at the beginning of 2013, RDR has forced “product sellers” to either professionalise or risk being swallowed up by DIY investment tools, such as robo-advisers, Abbott said.

Read the full article on The Citizen.

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Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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