In total for the industry, it costs NOK 2 billion annually in the form of excessive costs

Oppdatert: april 28

–We accuse them of violating the Marketing Act because they mislead small savers when they say that their actively managed funds give a higher probability of excess returns. They have not documented this, and they are well paid, says Inger Lise Blyverket, who is director of the Consumer Council.