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%. Lincoln has a range of unit trusts, which are managed by Goldman Sachs Asset Management International.
The exceptions to these are its North American unit trust run by Vantage Global Advisors and its Far East portfolio run by Delaware international Advisers.
The company has also abolished the charges for Pep and Isa transfers. Lincoln's range includes the £125.5m North American fund, the £9.4m Gilt & Fixed Interest fund and the Global Opportunities Portfolio.
Helen Turner, head of Unit Trusts at Lincoln said: "The combination of single pricing and lower initial charges now applied across the board for both unit trusts and Isas improves both their transparency and value for money."
Three years at Wells Fargo
Effective from 9 December 2019
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