Shackleton cuts fees for new and existing clients

It said the starting rate for investments up to £500,000 would fall from 0.23% to 0.20%, representing a 13% reduction. It added for investments between £500,000 and £1m, the business would introduce a new tier ranging from 0.23% to 0.15% - a 35% reduction. All other charges remain unchanged, it said. Its VT Esprit funds, which make up part of Shackleton's centralised investment proposition, have seen a reduction in OCFs of 0.02% - 0.07%. VT Esprit Tactical Growth, the largest fund in the range at £340m, has seen its OCF fall from 0.75% to 0.68%, the Chartered advice business added. ...