L&G makes deep cuts to tracker charges as price war continues

Effective from 1 November, L&G said reductions of up to 55% will apply to the ongoing charges figures on the 'I' unit class and on the 'clean' priced units on platforms. The cuts also apply to direct intermediary deals that meet minimum investment levels. As a result of the changes the L&G UK Index trust, for example, will see its ongoing charge cut from 0.17% to 0.1%. In total sixteen funds will see charges fall, including the L&G UK, L&G UK 100 , L&G US, L&G Japan, L&G Global Equity and L&G European index trusts. The largest reduction applies to the L&G International Index fun...