AMC

Effective from 23 October

Cuts AMC from 75bps to 60bps

Cuts minimum holdings to quality for loyalty scheme

Re-branded as Global Macro Balanced fund

Effective from 1 July

Brings vehicle in line with competitors

Reductions between 40bps and 50bps

Rathbone Unit Trust Management is slashing fees on its entire multi-asset range, as it prepares to include direct equities in portfolios as part of a shift to a "private client-style product".

Legal & General Investment Management is changing the way charges are applied to its retail funds, moving to a single fund management fee (FMF) to avoid "confusion" over multiple figures.

Small-cap boutique Montanaro is offering seed investors the opportunity to allocate to its Equity Income fund at a zero management fee until it reaches £100m in size.