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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.”

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