Fidelity Worldwide Investment has reduced the cost of its Multi Asset Allocator fund range, head of retail sales Ben Waterhouse has announced.
The ongoing charge of its passive multi-asset fund range, managed by Trevor Greetham, has been cut to less than 0.3 per cent.
The group said its five-strong Multi Asset Allocator range, which invests in passive funds, would be available for 0.25 per cent on FundsNetwork and 0.28 per cent on third party platforms – down from 0.7 per cent.
In May Fidelity reduced the cost of investing by re-pricing its equity index range.