Standard Life Investments Plans to Raise Fees on Funds, FT Says

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.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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