Woodford stops charging investors for research

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Woodford stops charging investors for research

Industry veteran Neil Woodford has become one of the first fund managers to stop charging clients for research, paving the way for further changes around fee transparency in the asset management industry.

His company, Woodford Investment Management, will now absorb research costs on the £8.3bn Woodford Equity Income fund, rather than charging them to investors. The asset manager said the move for...

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