Skandia Life has reduced the average total expense ratio of its Skandia Newton Managed life and pens...
Skandia Life has reduced the average total expense ratio of its Skandia Newton Managed life and pension funds from 0.43% to 0.4. The decrease results from a change in the management fees paid to Newton, which vary according to fund performance. The changes also apply to the Newton Managed fund in Skandia's Professional Life range. Jo Gilbey, investment brand manager at Skandia Life, said: "We have negotiated fees down based on the performance investors have received since launch, which has always been first or second quartile. We are expecting that performance to continue. "To bring fees...
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