AMWatch

PFA restructures mutual fund costs, rewards higher investment levels

Two subsidiaries of Denmark’s largest pension provider -- PFA Bank and PFA Invest -- are changing the cost structure for mutual funds and reducing the brokerage fee.

Mads Kaagaard is chair at PFA Bank and responsible for private customers. He moved to PFA in February 2016 from Nordea. | Photo: PR: PFA

Denmark's PFA is launching a new cost structure for customers of its unit PFA Bank when they invest in PFA Invest's mutual funds and unifying the brokerage fee at 0.5 percent -- a decline from the previous level of 0.6 percent.

The new structure consists of four predetermined levels of potential discount -- with each one activated once the customer’s wealth under management reaches a certain amount.  

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