Survey finds charging discrepancies

Fund strategies' survey into charges applied to re-invested income shows john duffield has not taken jupiter's full initial charge to new star

A Fund Strategies survey into fund group's charges for re-investing income reveals massive discrepancies between different players' approach to charging. Jupiter is among the few groups that levies the full initial charge of 5% for the right to re-invest investor's income back into its income fund. The survey, available in full in October's issue, reveals the group does offer accumulation units on its growth funds, but investors in Anthony Nutt's AA-rated Jupiter Income fund must buy income units and pay the full charge if they wish to reinvest. Steve Glynn, managing director, retai...