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Cazenove fund charges set to rise following Schroders merger
by Dylan Lobo on Jan 30, 2014 at 17:36
Cazenove funds will see their ongoing charges rise once the range is moved onto the same platform as acquirer Schroders.
Schroders said ongoing charges on Cazenove funds would increase as a result of higher administration charges. Cazenove funds will move in line with Schroders' existing fund charges.
The administration fee on Cazenove funds will increase to 0.15% when the funds are rebranded on 24 March. The administration fees previously ranged from 0.04% to 0.06%.
Under the new charges the Cazenove UK Opportunities fund, run by Julie Dean (pictured), will have an ongoing charge figure (OCF) of 1.69% on its B share class, compared to where it stands currently at 1.56%.
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by James Phillipps on Jul 29, 2014 at 07:55