Virgin Money to slash 1% fee on FTSE All Share-Tracker - report

Telegraph Money reports that the fund's 1% fee will be reduced to 0.6% from Friday 25 January.  Though the fee is still high compared to many FTSE trackers out in the market, it does include the cost of the ISA wrapper, which means investors save money on any additional brokerage fees. The lang cat's Mark Polson said although investors should not have to pay more than 0.5%, including brokerage fees, for a UK tracker fund, the reduction in cost was still a "great move". In comparison, the cheapest UK tracker fund on the market, the iShares UK Equity Index fund, has a management fee ...