TITLE

L&G fee cut: Latest skirmish in the index fund price war?

AUTHOR(S)
Jackson, Gary
PUB. DATE
April 2013
SOURCE
Fundweb;4/9/2013, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the likelihood that more passive fund providers in Great Britain will reduce fees to remain competitive after financial services firm Legal and General (L&G) reduced its annual management charges (AMC) by up to 25 percent. It mentions L&G's lowering of the AMCs on its tracker fund ranges and single country and regional index funds. A projected increase in demand for passive funds due to the shift to fee-based advice is also addressed.
ACCESSION #
86949396

 

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