JPMorgan revamps pricing structures.

Investment Adviser, July, 2007

oeics

JPMorgan Asset Management has completely revamped the pricing structures for its entire UK Oeic range.

From 1 September, JPMAM will fix the administrative expenses on its 'A' shares, irrespective of the asset class, at 18 basis points per year.

Currently, these expenses often differ widely from fund to fund and from fund house to fund house. They are also set retrospectively and with significant variation.

According to Jasper Berens, head of UK sales for JPMAM, this is a clear move to set a benchmark for transparency and consistency in the industry.

This is JPMAM's first charging review in 10 years and it is consistent with the FSA's recent Retail Distribution Review and Mifid, giving investors and intermediaries a...

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