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FUND WATCH

CPFIS changes that matter for the better

Sales charges to be capped, then removed a year later; cap on wrap fees to be cut to 0.7%, then to 0.4% next year

THE recent announcement of the the reduction in CPF Investment Scheme (CPFIS) charges is a positive development. Sales charges will be capped at 1.5 per cent from October this year, and removed entirely a year later. The cap on wrap fees (an annual fee paid to financial advisers) will be reduced

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