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M&G enhances commission on corporate bond funds

M&G has increased the commission payable to IFAs for Pep transfers into two of its investment funds.

The M&G Corporate Bond Fund and the M&G High Yield Bond Fund will now pay IFAs 4 per cent initial commission instead of the previous 3 per cent for Pep transfers.

Neither fund has an initial charge, but there is a withdrawal fee of 4.5 per cent in the first year of the investment. This reduces annually to 0 per cent after five years.

According to M&G the increase is intended to provide IFAs with greater flexibility to rebate commission to its clients.


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