Legal & General Investments has cut the AMCs on five of its index tracker funds and TERs across 13 products in the range.
The group has cut the annual management charge (AMC) on its UK, single market and regional funds to 0.2%, while its global funds now have an AMC of 0.3%. Total expense ratios (TER) have also come down as L&G has lowered some of its additional fees, with the L&G Pacific Index Trust's TER falling from 0.39% to 0.27%. Simon Ellis, managing director of L&G Investments, said: ‘"Over the last two to three years, L&G Investments has experienced a strong increase in demand for our passive investments, notably from fee-based advisers. "This change will enable advisers to use passive strateg...
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