Chelsea Financial Services today announced it will be cutting its headline annual charge from 0.5% to 0.4% from 6 April, as it moves to compete with rivals in the direct to consumer (D2C) space.
Investors have sunk nearly £35bn into underperforming funds, with Fidelity the worst offender by number of products, according to Chelsea Financial Services.
Scammers have cloned advice firm Chelsea Financial Services and are operating under the name Chelsea Financial, the Financial Conduct Authority (FCA) has warned.
A widely-predicted spate of fund mergers and consolidations has failed to materialise this year, with the number of funds being merged or closed dropping substantially.
Some of the largest multi-asset funds in the UK retail space have seen performance slump in recent months after they struggled to navigate a difficult summer.
News that the UK's best known fund manager Neil Woodford is leaving Invesco Perpetual after 25 years has caused leading fund brokers to suspend their ratings of his portfolios.