Balanced Managed News Today

SJP has reshuffled managers and altered the charges on its Global Smaller Companies, Global Emerging Markets and Emerging Markets Equity funds.

St James’s Place has changed the manager line-up for two of its funds, resulting in lower fees for clients invested in them.

Hargreaves trims charges on £7bn funds as Woodford casts shadow Charges on Hargreaves Lansdowns funds will fall as assets grow 26 January 2021 • 7:00am Hargreaves Lansdown has pledged to reduce fees on its multi-manager funds as the portfolios grow and admitted seven of the 10 needed to improve performance or did not represent value for money. The fund shop, whose £7bn multi-manager funds were hit by the collapse of Neil Woodfords flagship fund, is reducing their 0.75pc annual management...

Hargreaves funds recoup a further £65m from Woodford payments in 2020 Multi-manager funds had already received over £300m from first payout last January Hargreaves Lansdown’s multi-manager funds have recouped a further £65m-worth of assets trapped in the Woodford Equity Income fund in 2020.  Investors in the six multi-manager funds that held Neil Woodford’s former fund received around £312m in the first round of payouts distributed by authorised corporate director Link Fund Soluti...