10 July 2015

Royal London UK Equity Income fund – pricing change

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We are aware that Old Mutual Wealth have written to clients invested in our Cautious and Balanced portfolios, to inform them of a forthcoming increase in pricing on the Royal London UK Equity Income fund, to take effect from 1st August 2015.

The change in pricing has come about due to Royal London renegotiating prices for the fund with Old Mutual Wealth.  Whilst any upward change in pricing is unwelcome, this equates to a £6.30 per annum increase for every £100,000 invested in our Balanced portfolio, and a £5.85 per annum increase for every £100,000 invested in our Cautious portfolio.

Given the performance of the fund to date, and underlying asset allocation, we are prepared to retain the Royal London UK Equity Income fund in our Cautious and Balanced portfolios for the immediate future.

We will, as with all our portfolios, keep the matter under review.