AIG Life will be the first UK group to offer performance fee rebates on funds of funds when it launc...
AIG Life will be the first UK group to offer performance fee rebates on funds of funds when it launches its range on 5 June. The four funds, Cautious Managed, Balanced Managed, Global Growth and International Aggressive, will be available via AIG's life and structured products. They will be managed by Paul Higginbotham, head of fund research. The performance management fee on each fund will be 0.25% if it produces first quartile performance against sector average on a 12-month rolling basis. For second quartile performance the charge will be 0.1%. If, however, the fund delivers third qu...
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