Fidelity cuts fees on passive multi-asset range

The group has cut the ongoing charges on its five-strong Fidelity Multi Asset Allocator funds from 0.45% to just 0.25% on FundsNetwork. It comes after the group slashed the price of its index funds in May, undercutting a number of rivals. The Multi Asset Allocator funds - run by James Bateman (pictured) invest across a number of underlying index-trackers and other passive funds. The funds - which include defensive, growth and world portfolios - will be slightly more expensive via other platforms, with an OCF of 0.28%, down from 0.7% previously. Ben Waterhouse, head of UK retail ...