AMC

CONTRARIAN INVESTOR

Sarasin has scrapped the performance fee and reduced the annual management charges on its AgriSar fund as it prepares to rename the vehicle.

Evan Bruce-Gardyne, director of investor relations at Alliance Trust says, in time, the Retail Distribution Review will help encourage investors to look at the wider picture before committing capital to a fund.

Allianz Global Investors has introduced a new sterling share class on its Global Small Cap Equity fund with a lower annual management charge.

Invesco Perpetual is launching a new discounted share class for five of the UK's largest platforms, offering their users cheaper access to its fund range, Investment Week can reveal.

Some of the UK's largest fund houses are shifting focus to concentrate on ongoing charges after Invesco Perpetual became the first group to ditch annual management charges (AMCs) altogether.

Invesco Perpetual has made a major change to its charging structure across its range of funds, scrapping the annual management charge in favour of a single charge which encompasses all costs.

Investment Management Association (IMA) chief executive Daniel Godfrey says we should "interrogate quite hard" the assertion that the price of fund management has dropped elsewhere in the world, but not in the UK.

New entrants to the UK asset management market face stiff competition from established providers, but with barriers to entry falling, more and more European firms are entering the fray.

Smith & Williamson and Pictet Asset Management are both to cut annual management charges (AMCs) on a variety of funds as part of an overhaul of clean pricing strategies.