Schroders cuts multi-asset fees
Global Multi-Asset range will have a maximum cap of 0.22%, down from 0.29%
Global Multi-Asset range will have a maximum cap of 0.22%, down from 0.29%
Investment platform market becoming increasingly competitive
Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
Moving from a 50:50 ratio to 60:40 split allows clients to retain clear majority of future outperformance
Watchdog will create 80 roles to help shut down firms that do not meet minimum regulatory standards
Excluding VCTs – 96 out of 240 investment companies still charge performance fees
It has set a single 0.31% OCF for each of its six multi-asset growth funds
Chancellor uses budget 2021 to propose changes to 0.75% cap on fund fees
Move marks the group’s 14th fee cut across its strategies since 2013
Canlife Corporate Bond and Short Duration Corporate Bond still more expensive than ‘leading players’ even after fee reduction
Fees for the year ended 31 March 2021 were higher than 2018 and 2019 combined
The mistake demonstrates ‘how complicated and opaque the industry is for many customers’