Being in Switzerland I learnt some info re router bits and collet diameters the hard way. Router bit shanks are "commonly" available (somewhere or other - see below) in the following diameters:
6mm; 1/4 inch (i.e. 6.35 mm); 8mm; 12mm; 1/2 inch (i.e. 12.7mm).
And you MUST have a collet/s which is the exact size for each of the above diameter shanks that you want to use.
My problem was that I bought a cheapo router over here which was fitted with a 12mm collet but then bought a router bit by post from the UK with a half inch shank because I thought they are the same. They aren't, and only after a lot of hassle was I able to get a half inch collet to fit my router.
Thank goodness it wasn't the other way round (i.e. in my ignorance, me trying to use a 12mm shank bit in a half inch collet) as that could have been really nasty - it would have "fitted" but not gripped properly.
To sort all this out I did some "research" by visiting a very good tool store locally who stock Bosch, DeWalt, and Festool routers. Comparing those on the shelf with the published specs for "the same" models available in UK, I found out that, for example, the same Festool machine supplied with a 12mm collet in Switzerland would be supplied with a half inch collet in UK. Similarly the other brands mentioned above.
The same applies with router bits - over here bits with 6mm dia shanks are freely available; bits with 1/4 inch shanks are as rare as rocking horse manure; bits with 8 mm shanks are becoming more and more common; bits with 12 mm shanks are freely available; bits with 1/2 inch shanks are similarly very, very rare here.
I'm not of course aware of what the exact situation is in UK, but from the websites of people like Wealden, it seems that in the main, bits with 1/4 inch; 8 mm; and 1/2 inch diameters are the most common in UK.
So if you're a "hybrid" bloke like me, with a mixture of UK and "continental" gear, then you need a collet to fit each router and router bit you have (or will have).
Of course there are collet adaptors (which some people seem not to like) but obviously, while you can step down diameters (e.g. 12 mm or 1/2 inch collet to 8 mm shank) you can't step up.
The main thing is safety, as I learnt from the very helpful people here. So do NOT even consider putting a "too small" shank into a "too big" collet - e.g. a 6mm shank into a 1/4 collet. It'll fit but won't close properly, leaving you with a potential bomb in your hand, as mentioned above.
Sorry the above is lengthy, I found out it's a complicated subject.
Quite why the manufacturers have made it so complicated I have no idea - trap for the unwary.