Kames slashes fees on Diversified Income fund

Targets pension savers

Kames Capital has reduced the annual management charge (AMC) on its Diversified Income fund as it looks to attract pension investors.

From 1 November, the AMC on the fund's B share class will be reduced from 0.65% down to 0.55%. The new total expense ratio (TER) will be 0.61%. Steve Kenny (pictured), director of wholesale business, said: "With the recent changes announced by the government capping fees on pension pots to 0.75% from April this year we believe this move makes the fund extremely attractive to pension investors or anyone seeking an attractive income. Kames promotes Adams to head of equities "Not only are the charges now highly competitive, it also has excellent performance and should now be able to c...