Standard Life Investments is to trim the Annual Management Charge (AMC) on a number of share classes following a review of its MyFolio range of OEIC funds.

From 1 November new and existing investors in the MyFolio Market range will see a cut in AMC between 0.150% and 0.325% depending on the share class they are invested in.

In addition, investors in the MyFolio Managed and Multi-Manager funds will see a reduction of 0.175% if purchased through third party platforms in the UK.

Details of the fund reductions:

Iain McLeod, MyFolio investment specialist, Aberdeen Standard Investments, said: “We regularly review our funds in order to ensure that we are always acting in the best interests of our investors. As a result of our latest review, we concluded that an adjustment should be made to the pricing structure of our MyFolio range of funds.

“Through MyFolio, we aim to strike the balance between the risk an investor is willing to take and the potential rewards they receive in return. Since its launch in September 2010, investors have enjoyed returns which have been, without exception, in line with their chosen level of risk.”