Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Invesco Perpetual overhauls fund charges with single fee

by Dylan Lobo on Feb 27, 2014 at 11:57

Invesco Perpetual overhauls fund charges with single fee

Invesco Perpetual has introduced a new single fund management fee (FMF) across its entire fund range.

From 1 April investors in Invesco Perpetual's investment company with variable capital (ICVC) range will pay a single FMF, which will be quoted in all key investor information documents and is the equivalent to the ongoing charge.  

The FMF covers the management of the fund, maintaining the share register, fund governance and administration, including services such as custody and audit.

Portfolio transaction costs will continue to be applied separately as they cannot be predicted in advance. but detailed disclosure of these costs on a historic basis will continue to be available through Invesco Perpetual's website.

Where the costs of managing a fund change, Invesco Perpetual will give investors at least 60 days' notice.

The move comes after increasing pressure from the Financial Conduct Authority on the asset management industry to remove the level of complexity in charging structures.

The watchdog has also said firms need to ensure that fees relating to financial products are clear. 

Invesco Perpetual said its action would ensure both clear and consistent cost disclosure to its investors.

'Invesco Perpetual is introducing the fund management fee to make it easier for investors to understand the costs of the funds in which they invest,' said head of UK retail Ian Trevers (pictured).

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet