Standard Life Investments has written an e-mail to financial advisers informing them that fees on seven retail funds and two institutional funds will rise in November, the Financial Times reported, citing the e-mail. Investors will be informed in writing next week, the FT said.
Financial advisers AWD Chase de Vere and Advisers Bestinvest said they will review clients’ portfolios and Philippa Gee, managing director of Philippa Gee Wealth Management, said the move is “wrong and badly timed,” according to the FT.
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