Fears for tiers in fee change

Salih, Chris
August 2009
Money Marketing;8/20/2009, p14
The article reports on the move of Cofunds Ltd. to increase in charges for fund firms in the investment management in Great Britain. It states that the changes will not please smaller firms as funds will be placed into four tiers based on higher sales meaning lower fees. Simon Weldon, chief executive officer of Premier Asset Management, infers that no one will welcome Cofunds price increase, particularly with funds under management and revenues are down.


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