Vanguard slashes its fees…!
On top of the recent fee reductions by both the Standard Life and Nucleus Wrap Accounts Vanguard has weighed in and slashed its fund management fee by up to 50%!
As of 1 September both the FTSE UK Equity Index tracker* and the Global Bond Index fund will charge 0.08% and 0.15% p.a. respectively.
Vanguard has been able to do this as it is a ‘mutual’ fund management group; i.e. with no shareholders, and with an increasing presence in Europe, it has been able pass on its success by reducing fees for its investors.
You all of course know that the first rule of investing is to diversify, diversify, diversify. Keeping your investment costs to a minimum is not far behind that though!