JPMAM overhauls OEIC pricing structure

The changes, part of JPMAM’s first charging review in over 10 years, will also allow IFAs to make clearer choices about how they charge for their services. From 1 September 2007, JPMAM will fix the other and administrative expenses at 18 basis points per annum on its ‘A’ shares, irrespective of the asset class, across its entire UK OEIC range (excluding the Institutional Balanced fund and Portfolio fund, both of which are ICVC III offerings). The initial charge on most ‘A’ shares is to be reduced from 5.5% to 4.25%. The group says it is offering investors and intermediaries a consistent...