Whitechurch cuts management fees on model portfolios

The portfolios' management fees have been cut from 0.35% to 0.10% plus VAT if held directly, or 0.20% plus VAT through an external platform. Whitechurch believes this will make it a competitive proposition against other model portfolios and multi-manager funds.  The portfolios are made up of passive and active funds, with ongoing charges for the underlying funds ranging from 0.17% to 0.29%, based on current holdings. If held directly, there is a transaction fee of 0.45% for switches, but Whitechurch said its 'buy and hold' investment approach means turnover would be low. There are no ...