FCA hits advisers with 5% fees hike to £86.5m
Watchdog will create 80 roles to help shut down firms that do not meet minimum regulatory standards
Fees
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Eyewatering Chrysalis performance fee throws investment trust charges in the spotlight
Excluding VCTs – 96 out of 240 investment companies still charge performance fees
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AJ Bell trims and simplifies fund charges
It has set a single 0.31% OCF for each of its six multi-asset growth funds
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Rishi Sunak faces heat for tinkering with pension fees to fund infrastructure
Chancellor uses budget 2021 to propose changes to 0.75% cap on fund fees
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Baillie Gifford reduces management fee on £1bn US Growth trust
Move marks the group’s 14th fee cut across its strategies since 2013
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Canada Life AM slashes charges on £790m worth of bond funds by up to 40%
Canlife Corporate Bond and Short Duration Corporate Bond still more expensive than ‘leading players’ even after fee reduction
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Lindsell Train trust ditches controversial gilts benchmark after generating £5.3m performance fees
Fees for the year ended 31 March 2021 were higher than 2018 and 2019 combined
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M&G sends out incorrect statements to 10,000 customers
The mistake demonstrates ‘how complicated and opaque the industry is for many customers’
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Fundsmith justifies static fees in second assessment of value report
Economies of scale have diminished since 2017, with the OCF remaining static since then
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Fidelity International drops fulcrum fees following muted demand from retail investors
Fund group also announced on Tuesday a cut in the OCF of its passive multi-asset range
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Baillie Gifford renames bond fund and cuts fee by 50%
Baillie Gifford Worldwide Global Credit fund has become the Baillie Gifford Worldwide Global Strategic Bond fund
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Value boutique refunds UK equity fund management fees as thank you to patient investors
Cape Wrath Focus was one of the worst hit IA UK All Companies funds during the sell-off but has seen a dramatic turnaround in 2021