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Baillie Gifford has cut the annual management charge across its specialist investment trust range, including Sarah Whitley's top-performing £169m Japanese investment trust.

The IMA's new chief executive Daniel Godfrey outlines the key issues facing the fund industry, and explains how the IMA will tackle them over the coming year.

Legg Mason Global Asset Management is set to add clean share classes to its fund range ahead of the retail distribution review.

FundsNetwork has fired a warning shot to fund managers, saying any "special deals" struck up with rival platforms will be revealed under the transparency principles underpinning Retail Distribution Review (RDR).

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Kames Capital is to waive the performance fee on its £65m UK Equity Absolute Return fund for the rest of the year, and will cut it in half from 2013 onwards.

MAM Funds is introducing a non-trail commission share class across its fund range ahead of the Retail Distribution Review.

Schroders has cut the initial charge on a range of unit trusts from 5.25% to 3.25% ahead of the Retail Distribution Review.