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No services are given in return for the ground rent, which is distinct from management charges for looking after a building.
But it has stopped short of recommending a cap on management charges, for the moment at least.
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The financial filing also said Express Newspapers was "levied an additional management charge" for sister company Northern & Shell of £11m.
In addition to shipping its own scrap from the port, Metal Management charges stevedore fees for handling other cargoes; currently, it was offloading road salt that was being brought in for the winter.
If a fund has delivered you 15% a year over a long period, why should you much care whether management charges you $1.50 per $100 for funds under management or 75 cents per $100?
It has an annual management charge of 0.5% – very low by the standards of most British schemes – and no charge for contributions, switching funds or transfers.
Ask for a detailed explanation of management charges and fees.
Firms that are bigger in indexed funds (Fidelity is better known for active management) charge more, ranging from F&C's 0.3% to Virgin Money's 1% and beyond.But annual management charges are only one element of the fees that an investor pays.
Annual management charges are 1.82-2.511.82-2.51percent
For example, a unit trust Isa will have an initial charge (0% to 5%) and an annual management charge (typically 1.5%) plus other charges for dealing.
This charges £18 a year for administration, plus a 0.3% annual management charge, but does not yet have an investment track record.
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CEO of Professional Science Editing for Scientists @ prosciediting.com