Gerrard reduces charges

By Robert Stock Gerrard is reducing the initial charge and commission available on its International Bond & Convertible fund and is to alter the way it takes annual charges from the product. The initial charge will drop on 1 May from 5% to just 2%, with IFA commission falling from 3% to 1%, although the annual trail fee remains at 0.25%. This brings the fund's charges into line with the Gerrard UK Fixed Income fund in the UK corporate bond sector. The slashing of the initial charge comes hand in hand with the adoption of a new charging structure by Gerrard, the new brand for the...