Smith & Williamson and Pictet slash fund charges

Smith & Williamson will reduce charges on the unbundled share classes of 13 of its funds, with the typical equity fund charge falling from 75bps to 65bps and the typical bond fund AMC dropping from 65bps to 55bps. The changes, effective as of 1 April, will also see the AMC on its Global Gold & Resources fund fall from 100bps to 65bps. “We at Smith & Williamson have looked carefully at the level of our fees, and concluded that we can reduce them for those funds which are not capacity-constrained," Smith & Williamson head of marketing and sales Nick Hodgson said. AMCs will not be red...