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Skandia to cut annual management charge across fund supermarket

Skandia is to cut its annual management charge across its fund supermarket.

Previously, clients paid 0.75 per cent a year on top of each funds’ individual annual management charge.

The 0.75 per cent will now be waived for clients with assets of more than £10,000 on the supermarket, and reduced to 0.5 per cent for those with less than £10,000.

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