Fidelity to cut fees on investment trust

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpgInvestment trust Fidelity Special Values is to drop its fixed annual administration fee by £500,000 and reduce its annual charge.

From 1 September, the annual charge will reduce from 0.875 per cent to 0.85 per cent on the first £700m of net assets under management and 0.75 per cent for the remainder.

The fixed annual administration fee for non-portfolio management services of £600,000 a year will drop to £100,000.

Fidelity unveils details of new performance fee model

Fidelity Special Values chairman Andy Irvine says: I am pleased that we can today offer shareholders a new tiered pricing structure. Based on the current size of the company, this is equivalent to an overall reduction of approximately 9.5 basis points and will represent a useful saving for shareholders.”

Last month, Fidelity announced changes to the charges on its China Special Situations fund.

The company removed its performance fee and fixed annual charge in favour of a new variable management fee, effective from 1 July.

Recommended

MM-AutumnBudgetBanner
3

Lifetime allowance 2018/19 increase confirmed but pensions absent

The Government has confirmed that the lifetime allowance 2018/19 will rise in line with inflation, but savers have been offered little else in the Autumn Budget. The lifetime allowance will increase from £1m to £1,030,000 to match CPI from 2018/19.  Though the maximum amount the can be saved each year into a Junior Isa or […]

Delivering advice and guidance in the workplace

Three advisers share their ideas and experiences of helping employees with their financial decisions The workplace is instrumental in engaging people to save for retirement. How are advisers helping employers provide advice or guidance to their employees? Telephone guidance Financial education provider and advice firm Wealth at Work recently launched a telephone guidance service to […]

Pensions and investment managers continue to shell out thousands for MPs’ wisdom

Investment managers and pension providers are still paying out thousands in speaking engagement and advice fees to politicians, despite concerns over a tightening environment of value for money. The latest MPs’ register of interests shows little signs of slowdown in the payments that the industry is willing to shell out for “invaluable expertise”. Former chancellor […]

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]

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