Miton scraps initial charge on multi-asset funds

Miton Group head of sales Neil Bridge (pictured) said: "The charges have been removed as these multi-asset funds are not capacity constrained and initial charges are therefore unnecessary to stem inflows at a later date." Both funds are co-managed by David Jane - recently interviewed as part of Professional Adviser's Investment Influencers series of videos - and Anthony Rayner. The issue of fund charges was brought firmly to centre-stage last week when the Financial Conduct Authority (FCA) published the interim report of its Asset Management Market Study, which suggested a raft of mea...