The Bettr Blog

Vanguard slashes its fees…!

Sep 3, 2014 | Saving

[vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_column_text]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!

*According to FE Analytics Vanguard’s FTSE UK Equity Index tracker was the best performing FTSE UK tracker over the three years to 25 June 2014 (source: money marketing 26.06.14).

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Disclaimer: This document is intended for informational purposes and no action should be taken or refrained from being taken as a consequence of it without consulting a suitably qualified and regulated person.  It does not constitute financial advice under the terms of the Financial Services and Markets Act 2000. It is not an offer to sell, or a solicitation of an offer to buy, the instruments described in this.

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than its original value. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful.