Schroders cuts initial charge across range by 200bp

clock

Schroders has cut the initial charge on a range of unit trusts from 5.25% to 3.25% ahead of the Retail Distribution Review.

From today, the new initial charge will apply to the ‘A’ unit class of 23 of its retail portfolios, including Richard Buxton’s UK Alpha Plus fund and Andy Brough’s UK Mid 250 fund. Six NURS funds including multi-manager portfolios are also affected. The group said the move brings into line fees across its fund. A number of other groups have been adjusting their fee structures ahead of RDR. Schroders has already launched a range of Z share classes across its UK fund range which do not pay trail commission. M&G, Rathbones, and Cazenove are among those also considering adding clean fe...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read
FCA issues warning notice to Neil Woodford over liquidity failings

FCA issues warning notice to Neil Woodford over liquidity failings

The firm failed on four accounts between 2018 and 2019

James Baxter-Derrington
clock 11 April 2024 • 2 min read