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Cazenove fund charges set to rise following Schroders merger

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Cazenove fund charges set to rise following Schroders merger

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%.

Paul Marriage’s Cazenove UK Smaller Companies fund will have an OCF of 1.67%, compared to its current 1.58% for its B share class.

However, the Cazenove UK Corporate Bond fund, managed by Alexander Smitten, will see an increase of  0.10% to its admin fee.

A spokesperson at Schroders added: 'Our funds’ on-going charges are checked on a regular basis to ensure they are competitive.'

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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