Architas has cut the ongoing charge on its multi-asset passive fund range to 50bps from 65bps.
Axa’s asset management arm has also announced it is cutting the up front charge on its 0 per cent AMC share class to 1 per cent from 2 per cent.
The underlying additional charge on the 0 per cent share class is capped at 0.2 per cent.
Architas head of business development Cedric Bucher says: “We are now able to offer advisers, and their clients, access to all these benefits at a reduced, clear and transparent cost. This includes our innovative new pricing structure that offers a Zero AMC with a 1% upfront charge and ongoing annual costs capped at 0.2%. This could suit those looking to invest for the long term.”
The Architas multi-asset passive range is made up of six passive funds managed by senior investment manager Stephen Allen.