Fidelity International has unveiled further details of its new variable management fee model, which will launch on 1 March next year across the clean share classes of ten active equity funds.
In particular, there will be a 0.10% reduction to the annual management charge and the variable fee will move between -0.2% and +0.2% of the AMC depending on performance. The new model will operate...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till