RLAM fund charges to rise as firm switches to single fixed fee

'Clearer and simpler for customers to understand'

Royal London Asset Management's (RLAM) fund fees will see a slight increase as the firm switches to a single, fixed fund management fee (FMF) from 3 June.

RLAM is introducing the new FMF to makes the costs "clearer and simpler for customers to understand". While the existing ongoing charges figure (OCF) may vary on a monthly basis due to the changing costs of running the funds, the FMF will be a set figure shown on factsheets Transaction costs will continue to be disclosed separately. This move affects the Royal London Unit Trust Managers (RLUTM) multi-asset, equity and bond funds. RLAM boosts wholesale team with JPMAM hire The firm added that ensuring its products remain competitively priced is "a key consideration" and they are ...