BNY Mellon Investment Management cuts DGF fees to further grow DC business

Jonathan Stapleton
clock • 1 min read

BNY Mellon Investment Management has cut the charges of one of its key diversified growth funds in a bid to expand its presence in the defined contribution (DC) investment market.

The asset management group has rebranded Newton Investment Management's Phoenix Multi-Asset Fund as the Newton Multi-Asset Diversified Return Fund and cut the annual management charge from 0.75% to...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Contribution

Janus Henderson's David Whitehair

The 2023 outlook for DC pensions

Janus Henderson’s David Whitehair looks ahead to the DC market in 2023

David Whitehair
clock 08 December 2022 • 3 min read
Divide on increasing DC scheme illiquid investments

Divide on increasing DC scheme illiquid investments

No consensus on whether illiquid investments will increase over the next few years

Martin Richmond
clock 08 December 2022 • 1 min read
Aon's Matthew Arends

Expected retirement living standards rise in Q3

Aon’s DC tracker rose in Q3, but firm warned the increase masks a more complex picture

Holly Roach
clock 08 December 2022 • 3 min read
Trustpilot