Aegon cuts fund charges

Aegon is discounting the initial charge on seven of its UK equity and fixed income funds until 30 April.

The discount period begins on 1 February and applies to the UK Equity, UK Equity Income, UK Opportunities, UK Smaller Companies, High Yield Bond, Investment Grade Bond and Strategic Bond funds. Aegon will reduce the initial charges on the four equity funds from 5.5% to 3% and the three bond funds from 4.5% to 3%.The offer applies to UK-domiciled funds only. The Aegon Strategic Bond fund, managed by David Roberts and Philip Milburn, is currently first quartile over one, three and five years; while the Aegon High Yield Bond fund, also managed by Milburn, is first quartile over one and f...