fees

The board of the Pacific Assets trust, managed by First State's Asia team, will scrap its performance fee, following the lead of a number of other vehicles in the closed-ended space.

Schroders is to increase the ongoing charge on its All Maturities Corporate Bond fund to bring it into line with other funds in its range.

‘No-names’ like we were might struggle today

Newton Investment Management has rebranded three funds in its mixed-asset range, as well as cutting charges on two portfolios and repositioning the third.

Asset managers deserve to be paid up to a third of the alpha they generate, Towers Watson's EMEA head of investment has suggested.

Fund groups should be wary of using performance fees within their products to incentivise managers, Jupiter's vice chairman has warned.

Neil Woodford has criticised his own industry for charging customers too much and paying managers too high a price for tracker-style performance, in an interview with the BBC.

Skagen is set to offer the largest institutional investors discounted shares on its Kon-Tiki and Global funds.

Vanguard is to cut charges on 25 UK and Irish-domiciled funds, including its LifeStrategy range, as it responds to recent price cuts from other providers in the tracker space.

Dilution levies are becoming increasingly popular among fund groups, but are they a hindrance to investing or a necessary feature to protect against short-term trading?