Aegon discounts initial charges

Aegon Asset Management is to discount the initial charge on its UK Equity, UK Opportunities and High Yield Bond funds from next week to December 31. The charge on the UK Equity and UK Opportunities funds, managed by Stephen Adam and Audrey Ryan respectively, will be cut from 5.5% to 3%. The charge on the High Yield Bond fund, run by Philip Milburn, will be cut from 4.5% to 3%.

The High Yield Bond fund recently switched to taking its charges from capital rather than from income.