JPMorgan updates UK OEIC pricing

The company has revealed it will fix the other and administrative expenses on it’s A shares across its entire UK OEIC range at 18 basis points per annum regardless of asset class, to ensure investors have a better idea of total expenses before they invest in a fund. The changes, bought in following the company’s first charging review in over ten years, are a move away from retrospective fixing of expenses and the subsequent confusion for investors as to what is being included in total expenses. Jasper Berens, head of UK Sales at JPMorgan Asset Management, said: “Transparency and clari...