PLI : Perpetual Income and Growth cuts fees
The Board of Perpetual Income and Growth has negotiated a reduction in the fees it pays to Invesco. The base management fee, which is currently 0.75% on assets will fall to 0.6% on the first £500m of assets and 0.4% thereafter. The performance fee has a cap which is currently set at 0.75% of net assets per annum – this will fall to 0.5%.
As a bonus, these changes have been applied retrospectively – from 1 April 2014