A number the brochure will not put on slide one
TERprinted on factsheet
CHURN COSTturnover drag
TRUE DRAGwhat you actually pay
The number on your factsheet is not the number you pay.
TER is the line they show you. 178 bps is the line you actually wear, every year, before tax even shows up.
Swipe . where the missing 13 bps comes from →