Fidelity cuts charges on multi-asset range

Fidelity has reduced the annual management charges on its multi-asset range, aligning the fees to 1.25%.

Trevor Greetham's Multi Asset Growth fund will see its AMC fall by 0.15%, although the charge will rise by 0.10% on the Multi Asset Defensive fund to bring it in line with 1.25% for his Multi Asset Strategic fund. Meanwhile, the Fidelity Target 2025 and Fidelity Target 2030 funds will see their charges reduced from 1.5% to 1.1% when the funds are seven years before their target date. The AMC will be reduced further to 0.85% when the funds are two years from their target date. Currently, the AMC of the Target 2025 and Target 2030 funds is 1.5%, which is reduced to 1.25% when the fun...