Schroders cuts multi-asset fees amid surge in adviser interest

The asset manager confirmed today (2 May) that it has cut ongoing charges to a maximum cap of 0.22% from 0.29%. Head of UK intermediary solutions Gillian Hepburn said: "Schroders' UK Financial Adviser Survey continues to highlight the growing appetite among advisers for outsourced investment solutions and, in particular, multi-asset funds. "Our survey has also indicated that, when selecting multi-asset funds, performance and cost are the two key considerations; these funds boast a robust performance track record and now have an even more competitive price point." 'Akin to raising t...