Assessment of Value: Legal & General UK Alpha Trust performed 'well below' target

Fees reduced on 18 funds

James Baxter-Derrington
L&G's Ethical Trust will also face adjustments as a result of the assessment of value

L&G's Ethical Trust will also face adjustments as a result of the assessment of value

All but one of Legal & General’s 77 funds have been found to deliver value, according to the group’s Assessment of Value (AoV) report, which singled out Legal & General UK Alpha trust as the sole underperformer.

Managed by Rod Oscroft and Simon Reid, the fund will be subject to a "comprehensive review" in order to "identify an action plan to improve the fund's ability to deliver value", having delivered a performance...

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