AJ Bell tweaks charges structure across fund range

The investment platform said simplifying the ongoing charges fees across its fund range would make it easier for customers and advisers to understand. These changes, which have seen some reductions in fees in some of the funds, will be reviewed annually with a view to "continuously pass on the benefits of scale" to customers. AJ Bell's MPS shift to 'reduce adviser risk' All six of AJ Bell's multi-asset growth funds will have an OCF of 0.31%, while its two income funds will both charge 0.65% and its responsible growth fund will charge 0.45%. Most of the funds have got slightly cheap...