NEPTUNE Investment Management has raised annual management charges on four funds with the biggest rise on the Managed fund.
The increases mean Neptune’s entire retail OEIC has an AMC above the industry standard of 1.5pc. Its £15m Managed fund is up 40 basis points from 1.6pc to 2pc and it will also rebrand to Global Alpha....
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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