abrdn to standardise fee disclosure to investors

According to a letter to investors, the new standardised fund operating expense structure will consist of a "general administration charge" and "other fees and expenses", along with the existing annual management charge. The general administration charge will be a fixed rate charge of 0.08% and will be paid out of the scheme property of the fund to cover general operating expenses, including depositary, fund administration and custodian charges. Two further fund closures adds to abrdn's growing tally If the firm wishes to increase this fee, investors will be given 60 days' notice, ...