Capita Financial is set to increase its fees by up to 250% on funds for which it acts as authorised ...
Capita Financial is set to increase its fees by up to 250% on funds for which it acts as authorised corporate director, Investment Week understands. Several fund managers using Capita Financial as administrator are fearful they will be forced to increase their annual management charges, passing the extra cost onto clients. Capita acts as ACD to 118 funds run by around 35 IMA member companies, with a total value of £6.6bn in AUM. Charges vary according to fund size, charged as a percentage of assets under management, or a flat fee. One Capita client says Capita charges him 0.3% of AU...
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