Aberdeen Standard to reduce fees on £12.5bn MyFolio fund range

Changes take place as of 1 November

Aberdeen Standard Investments is set to reduce the charges on a number of share classes of its 25-strong MyFolio fund range following a review.

New and existing investors will see the annual management charge (AMC) on the £12.5bn range reduced by between 0.150% and 0.325%, depending on the share class, as of 1 November. Furthermore, the MyFolio Managed and Multi-Manager funds will see a 0.175% reduction if investors purchased them through UK third party platforms. Editor's View: The big questions as Aberdeen and Standard Life unveil merger deal Iain McLeod (pictured), MyFolio investment specialist at Aberdeen Standard Investments, said: "We regularly review our funds in order to ensure that we are always acting in the best...