Schroders is to raise the annual charge on six of its unit trusts –
Schroder Pacific, Tokyo, UK equity, income, gilt & fixed interest and
European – by 0.25 per cent to 1.5 per cent from November 21
Lincoln Unit Trust Managers is offering discounts of up to 4.75 per cent
on its unit trusts and Isas until the end of this month. The Initial charge
on the Lincoln corporate bond trust, managed by Goldman Sachs Asset
Management, is cut to just 0.25 per cent from 5 per cent. Initial char-ges
on the firm's other funds are cut by 3 per cent to 2.25 per cent.
Gartmore head of UK equities Andrew Carter has quit to become chief
investment officer at Royal London Asset Management. Carter, who has been
at Gartmore for 14 years, will be rep-laced by head of European equities
Stephen Jones until a full-time replacement is found.
Premier Asset Management is offering a 2 per cent discount on its UK
smaller companies fund until the end of September. The discount will reduce
the initial charge to 3 per cent from 5 per cent. Minimum investment is
£1,000 or £50 a month.