Kames slashes fees on Diversified Income fund

From 1 November, the AMC on the fund's B share class will be reduced from 0.65% to 0.55%. The new total expense ratio (TER) will be 0.61%. Steve Kenny (pictured), director of wholesale business, said: "With the recent changes announced by the government capping fees on pension pots to 0.75% from April this year, we believe this move makes the fund extremely attractive to pension investors or anyone seeking an attractive income. "Not only are the charges now highly competitive, it also has excellent performance and should now be able to capture the market share it deserves." Launche...