Consider paying off the mortgage with the next commission payment.

He said the average commission payment was 1.7 per cent.

Some investors pay more for funds than they need to because the fees have an in-built commission payment to a financial adviser who may have sold the product to them.

However, the court concluded that the 20 per cent commission payment charged by the club covered services that went 'beyond the simple receipt or dealing with security for money'.

There remains a chance that advisers will replace commission payments with annual percentage fees, which could still leave consumers paying dearly.