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In recent years the fund-management industry has been mauled for its excessive and opaque fees, deceptive marketing and rampant conflicts of interest.
This business is served by a vast industry of intermediaries – agents, trustees, investment managers, registrars and advisers of all sorts – who have grown fat from opaque fees.
More than four years on, the FCA said providers appeared to still be charging very high, complex and opaque fees for unauthorised overdrafts, the regulator said, and while voluntary measures such as text alerts for unarranged overdrafts had improved matters, many consumers were still paying too much.
Annuities have been criticised by pensions experts such as campaigner Ros Altmann, who has said firms don't disclose how they calculate payments, and often add opaque fees.
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Many prepaid cards have opaque fee structures that make them pricier than simple bank accounts.
That it might reinvent itself in such a fundamental way as to eliminate every trace of outdated technology, disgruntled/abused attendants, abysmal on-time performance, mishandled bags, ancient planes, opaque fee structures, transparent greed, and outright customer neglect.
Each truck requires about 200,000 naira ($1,000) in opaque licence fees every month.
Over time, Mr. Harper added, even businesses that pay opaque transaction fees will see those rates decline as acquirers poach each others' customers.
These bank failures reflect an old world, characterised by opaque products, complex fees and charges, and a general lack of regard for the customer.
That's a bait-and-switch tactic that's been used since the dawn of time — "The first one's free" — and ISPs are notorious for having opaque and shifting fees and restrictions.
We are also calling on banks to do more to provide short-term loans to cash-strapped consumers and be less opaque about their overdraft fees and charges".
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CEO of Professional Science Editing for Scientists @ prosciediting.com