NatWest cuts fund fees on D2C range

From 0.5% to 0.4%

NatWest is set to cut the ongoing charges on its range of ready-made direct-to-consumer funds to 0.40% from 0.50%, Investment Week can reveal.

The changes will apply to the NatWest Premier Personal Portfolio fund range. It means the new total cost of investing in the five fund range, including both fund fee and platform charge, will fall to 0.55% from 0.65%. NatWest will be moving its Premier Personal Portfolio fund range to the UK from Ireland on 28 November. Evelyn Partners re-adjusts managed portfolio model range A spokesperson said this change will "increase the scale of the fund range and we are passing on the benefit of that scale to customers by reducing fees". The five funds were launched in 2016 and provide...