Schroder to scrap charge

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SCHRODER will write-off the initial 5pc charge or pay it in full as IFA commission on its multi-manager portfolios between November and next April.

The three funds, managed by Andrew Yeadon with support from a four-strong team, were launched in 2004 and 2005 and have outperformed their sectors since launch. Sean Gardner, head of Multi-Asset Distribution for Schroder, said: The multi-manager portfolios have been amongst the strongest and most consistent performers within their peer group universes.  The diversified multi-asset approach that Andrew and his team use, provides them with the freedom to include more than just equities, bonds and cash.  This offers many more opportunities to add value from proactive asset allocatio...

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