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M&G to Simplify Fund Fees

M&G to Simplify Fund Fees

The investment giant is to cut fees by up to 50 basis points on its range and will start to pass on the economies of scale to investors as funds get bigger. M&G will bundle up the costs involved in running a fund including administration, audit fees and custody charges into one annual charge figure, to better help investors understand what a fund will cost and to make the annual fee more predictable. Under the new structure, investors will get a 0.02% discount on the annual charge when a fund reaches £1 billion of assets under management.