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Henderson and Standard Life surprise with fee hikes

Asset managers are finding it hard to justify higher fees, but Henderson and Standard Life are pushing ahead regardless

Henderson Global Investors is raising administration charges on a range of funds at its new Gartmore subsidiary following the decision by Standard Life Investments to increase management fees on some products.

Henderson has raised administration charges on 30 Gartmore funds by up to 10 basis points, although 25 have seen their charges fall by up to six basis points.

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