Fidelity has announced a "fundamental change" to its charging model, which will see it introduce a variable management fee option for its active equity funds that will depend on their performance relative to a benchmark.
The group said the move was "in response to the growing debate around the value of active fund management". Fidelity plans to offer the structure through newly-launched share classes, which will sit...
UK recovery mandate marking 10 years
Concerns rally is overextended
Female millennials invested 40% more year-to-date
Will compare with May 2017 results
Jane Ambachtsheer joins as global head of sustainability