Update: Virgin Money slashes 1% fee on FTSE All-Share Tracker

Cutting fee to 0.6%

Anna Fedorova
The fund's 1% fee will be reduced to 0.6% from Friday 25 January

The fund's 1% fee will be reduced to 0.6% from Friday 25 January

Virgin Money has cut the fee on its controversially priced £2.7bn FTSE All-Share Tracker fund which has been heavily criticised by buyers for some time.

The fund's 1% annual management fee has been reduced to 0.6% as of Friday 25 January. Though the fee is still high compared to many FTSE trackers out in the market, it does include the cost of the...

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