Both Jupiter and Old Mutual Global Investors have announced that they are switching their fund range from dual pricing to single pricing.
Warren Tonkinson, managing director, Old Mutual Global Investors has said:
"While the majority of our funds already operate on a single-priced basis, the changes will mean the same pricing policy applies across all OMGI funds."
A spokesperson for Jupiter has said:
"We undertook a review of pricing across our mutual fund range to ensure we are competitive and providing transparency and value for clients.
"Implementing single pricing, which we will complete in 2018, will bring our unit trusts into line with the our Sicav range, which is already single priced, and will also align our products more clearly with what has become the common approach within our industry, making comparisons easier for our clients."
This change is due to take place on 22nd January 2018 for Jupiter and 29th January 2018 for Old Mutual Global Investors.
Uploaded - 15 January 2018