03/10/2014

Ex-Hermes director calls for data on fees

David Pitt-Watson, a former director at Hermes Fund Managers who is now a fellow of the London Business School, has launched a campaign against high asset management charges.

03/10/2014

Fee cap plan raises threat of litigation

The government’s proposal to cap pension fund fees at 0.75% of savings risks future litigation, the head of defined contribution at JP Morgan Asset Management warned at the National Association of Pension Funds’ conference last week.

03/10/2014

Investors Capital Amends Investment Management Agreement

Investors Capital Trust PLC Monday said it has agreed a reduction in the base management fee payable to F&C Investment Business Ltd, under the investment management agreement, and the removal of the performance fee.