One of the core funds that EFPG uses within our investment portfolios has reduced its management fees as of the 1st of January this year.
The Dimensional UK Core Equity Fund (Inc) has reduced the fee by 0.07% p.a.
This had been predicted at EFPG and we anticipate that more of our selected funds will follow suit which should bring down the cost of investing to our clients.
0.07% does not seem a significant amount but over the lifetime of a longer-term savings or pension arrangement, the overall benefit could amount to thousands of pounds saved.
EFPG believes that investment management fees in general will fall further as more investors both private and corporate shop around to find the best investment deals.
As long as quality is not traded for cost - and EFPG ensures that it is not - this can only be a good thing for our clients.