Lincoln opts for single priced funds

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Lincoln Financial has abolished the bid/offer spreads on its unit trust range, writes Fiona Henderso...

Lincoln Financial has abolished the bid/offer spreads on its unit trust range, writes Fiona Henderson. The group is also looking to standardise all front end charges at 5.25%. The exceptions are its Cash Trust which will remain at 0% and the Internet Tollkeeper Trust, which remains at 5.25%. The annual management charges, most of which are 1.25%, will remain the same. Until the end of August, Lincoln is offering discounts up to 1.5% off the initial charge of 5.25% for lump sum investments. For investments up to £10,000 the charge is 4.25%, for sums over £10,000 it is reduced to 3.75%. L...

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