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Danish FSA: Customers pay the same despite commission ban

Last year, banks were no longer allowed to charge commission from investment fund providers. But according to a survey from Denmark's financial watchdog, clients are still paying the same amount in total costs.

Photo: /ritzau/Lærke Posselt

One year ago, a ban was introduced on banks charging commission from providers of investment funds in connection with portfolio management schemes.

The regulatory change was brought in with the aim of making costs more transparent for customers, but according to a survey conducted by the Danish financial regulator, the FSA, they still pay the same as before.

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