Old Mutual Cirilium Dynamic Fund

[nikaiyo2]

My IFA has advised switching out of self selected "unit trusts" (I know the old name) and switch into this single managed fund.

Initial charges are 5% +0.75% annual.

Does this seem reasonable?

[nikaiyo2]

Is the initial charge negotiable?

I assume my IFA will get a chunk of this charge, tbh I don't object to this as he has done me well over the years, and ongoing fees are a lot lower than my current "fund"