Charges - Annual Review
I feel I always come here with what are basic questions... but if you don't know you don't know! I am being tasked with our annual reviews and am still very much learning. We are currently using Genovo to assist with the report writing. I am thoroughly confused with the charges. I am looking specifically at AVIVA Platform plans at the moment. I realise some of these charges are the same as each other but just a different name, that some perhaps incorporate another.... I suppose I am looking for an idiots guide to charges!
Genovo fields are:-
Product Charge ( i had previously taken this from an FE Analytics portfolio report and used Portfolio expenses + Ex Ante costs)
Platform Service Charge
Adviser Service Charge
Investment Management Charge
Aggregated Total Recurring Charge
From what I can see from AVIVA paperwork
The AVIVA charge (assume this to be platform service charge)
Discretionary Management Charge for Model Portfolio
OCF/TER/Annual Fund Charges for each fund in the portfolio
Initial Fund Charge
Ongoing Adviser Charge
Weighted Average %
Am I overcomplicating this???? We were looking to include a summary table in the report for the ex ante charges and a signpost to the AVIVA plans and charges document for Ex post charges..