F&C slashes charges on Lifestyle risk-rated funds
Charge cut on risk-rated range run by star multi-managers Rob Burdett and Gary Potter.
F&C has cut the annual management charges (AMC) on its risk-rated Lifestyle fund range from 0.6 per cent to 0.5 per cent, Investment Adviser can reveal.
The range - run by the Thames River multi-manager duo Rob Burdett and Gary Potter (pictured) - includes the Defensive, Growth, Cautious and Balanced funds which are risk-rated 4-7 by Distribution Technology.
John Yule, F&C UK sales director, said: “On October 1, the AMC on the Lifestyle funds’ B share classes will be reduced from 60bps to 50bps.
“The move is designed to meet the requirements for unbundled fees in the RDR regime with the new lower fee giving greater flexibility when agreeing client charging structures with investments via a platform.
“It also recognises the value we believe advisers offer their clients in terms of bespoke wealth advice and service provision.”
More on Multi-Manager Funds
- Multi-Asset Supplement - March 2014
- Potter and Burdett get £250m trust mandate
- Fund selector: Keep an eye on the exit for high yield