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Schroders cuts unit trust rates

Schroders is to raise the annual charge on six of its unit trusts by 0.25 per cent from November 21.

The Schroder Pacific, Tokyo, UK Equity, Income, Gilt & Fixed Interest and European funds will all have their annual management charge increased to 1.5 per cent from 1.25 per cent.

Letters informing IFAs and unitholders of the changes will be sent out this week.

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