Artemis ditches dual pricing and variable costs

Also introducing administration fee

Artemis has announced it is switching to swing pricing from February 2019 and replacing variable costs with an administration fee model.

From 1 February all of the Artemis dual-priced unit trusts will be converted to single swing pricing, meaning a mechanism to adjust prices in response to dilution will be introduced, allowing investors to pay a single price when purchasing or redeeming shares. The group said the move will align the pricing on Artemis' unit trusts with the methodology it already uses on its OEIC funds. The cost impact on investors is likely to vary fund to fund, with some fees increasing, others decreasing and the remainder staying static. Schroders to drop dual pricing as advisers warn it could cause ...