AJ Bell reduces charges for multi-asset income range
Fee reduced 15 basis points to 0.50%
Ocf
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Fitz Partners: One in six fund share classes have changed fees in past year
The Fitz database contains around 40,000 share classes
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IBOSS cuts charges across 32 MPS portfolios
Negotiations with fund houses have resulted in reduced pricing
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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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Fund buyers say ‘about time’ as Matthews Asia cuts expensive OCFs
‘We had fed back to them previously that they were unusable unless they changed their approach’
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Brooks Macdonald drops charges on £1bn MPS range
Total cost to clients could still hit 2% once advice and platform fees are added
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RLAM fixed fee model unlikely to sway fund buyers
Asset manager admits most funds will become costlier when it drops OCFs
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Initial charges officially deemed as outdated as envelopes
ONS shakes up calculations for UK inflation figures
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AJ Bell slashes fees to ‘stand toe-to-toe’ with cheapest funds
But experts note there are cheaper options
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FCA changes could fail to budge pre-RDR investors
Financial Conduct Authority (FCA) changes that allow asset managers to more easily switch investors between share classes could still see a minority of investors refusing to budge.
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IBOSS Oeics surpass £100m in AUM
IBOSS Asset Management’s range of risk-rated multi-asset Oeic funds, launched in February last year, have passed through £100m in assets under management (AUM).
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Average fund fees squeezed 13bps since launch of RDR – Nucleus
New data from Nucleus reveals that the average ongoing charges figure (OCF) for a cross-section of funds has plummeted from 78.6 basis points to 65.3bps (-13.3bps) since the introduction of the Retail Distribution Review (RDR) in 2013.
