Fitz Partners: One in six fund share classes have changed fees in past year
The Fitz database contains around 40,000 share classes
Ocf
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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Initial charges officially deemed as outdated as envelopes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.
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IA presses EU for inclusion of ongoing charge figure
The Investment Association said it welcomes the publication of draft EU rules on how key information about investment products should be presented to consumers.
