CGU reduces fund charge

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CGU is offering a 1.5% discount up to 10 March on its Global Success fund to be launched next week, ...

CGU is offering a 1.5% discount up to 10 March on its Global Success fund to be launched next week, writes Leo Bland. The discount will reduce the initial charge to 3.75% from the standard 5.25% and applies to lump sums only. The minimum investment is £500. There will also be a 1% discount for investors between 10 March and 5 April, taking the initial charge to 4.25% from 5.25%. Lump sum investors will also get a voucher for a 1.5% initial charge discount for the next tax year, for investments of £5,000 and over made by 5 May. As previously reported in Investment Week, the Global Success...

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