Schroders cuts multi-asset fees amid surge in adviser interest

Maximum cap of 0.22%

Schroders has revealed a fee cut for its multi-asset active fund range from 29bps to 22bps on the back of its latest adviser research work.

The asset manager confirmed today (2 May) that it has cut ongoing charges to a maximum cap of 0.22% from 0.29%. Head of UK intermediary solutions Gillian Hepburn said: "Schroders' UK Financial Adviser Survey continues to highlight the growing appetite among advisers for outsourced investment solutions and, in particular, multi-asset funds. "Our survey has also indicated that, when selecting multi-asset funds, performance and cost are the two key considerations; these funds boast a robust performance track record and now have an even more competitive price point." 'Akin to raising t...