Fidelity has announced a "fundamental change" to its charging model, which will see it introduce a variable management fee for its active equity funds that will depend on their performance relative to a benchmark.
The group said the move was "in response to the growing debate around the value of active fund management". The change will involve a reduction of the annual management fee and a switch to a variable...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till