Orbis lowers performance fee across UK fund range
Moving from a 50:50 ratio to 60:40 split allows clients to retain clear majority of future outperformance
Fees
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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
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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