View more on these topics

Aegon cuts initial charge on UK trio

Aegon Asset Management is discounting the initial fee on three UK funds.

The charges on Stephen Adams’ UK equity fund and Audrey Ryan’s UK opportunities fund have been cut from 5.5 to 3 per cent. The charge on Philip Milburn’s high-yield bond fund is cut from 4.5 to 3 per cent. The discounts apply from February 1 to April 30. Commission stays at 3 per cent.

Head of retail sales Steve Kenny says: “Aegon Asset Management is now widely recognised for its UK equity offering and is one of the few companies to have two AAA-rated UK equity managers. Stephen Adams has consistently outperformed the market with the UK equity fund while Audrey Ryan has had a tremendous start with the UK opportunities fund. Philip Milburn has been consistently recognised as one of the leaders in the high-yield bond arena and this is an excellent opportunity to invest in these leading funds.”

Recommended

FundsNetwork Fofs tackle RDR challenge

FundsNetwork is adding five fund of fund portfolios to its platform to help advisers deal with the regulatory changes expected from the retail distribution review.The PortfolioManager funds range from a defensive strategy, which contains only 10 per cent in equities, 5 per cent in property and 85 per cent in UK bonds, through cautious, balanced, […]

Inflation letters may be on way

Bank of England governor Mervyn King has warned of a tough year ahead with rising inflation and further tightening of credit.Speaking in Bristol last week, King said it is likely that a less buoyant housing market will go hand in hand with slower growth in consumer spending.He said: “Although there is a considerable stock of […]

Flint becomes housing minister

Caroline Flint has been appointed housing minister at the Department for Communities and Local Government. She was previously minister for employment and welfare reform and minister for public health.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com