F&C Investments has moved to cut the annual management charge (AMC) across its £385m Lifestyle range, run by co-heads of multi-manager Gary Potter and Rob Burdett.
The move will see the AMC cut from 0.6% to 0.5%, as the group looks to meet the reguirements for unbundled fees as part of the retail distribution review. The lower fees will apply to all four funds in the range - the £106m F&C Lifestyle Balanced, £126m F&C Lifestyle Cautious, £107m F&C Lifestyle Defensive and £46m F&C Lifestyle Growth funds. John Yule, UK sales director at F&C, said: "On 1 October 2012, the AMC on the Lifestyle funds B share classes will be reduced from 60bps to 50bps. "The move to 0.5% is designed to meet the requirements for unbundled fees in the RDR regime, wi...
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