In October we welcomed news from Vanguard that they had reduced their annual fees. You can read the post here. It’s worth reminding ourselves that Vanguard oversees more than 2.9trillion in assets and they pretty much invented index tracking investments.

Today, another fund manager we use in our portfolios – Dimensional Fund Advisers – have also reduced their annual fees. They have reduced their fees on three of the equity funds in our portfolios by 0.07%. Whilst this may not seem significant is it a welcomed development. Our highest risk portfolio, which is invested in 100% equities now has an ongoing charges and fees (OCF) figure of just 0.41%.

It seems that the bean counters at Dimensional have brought some festive spirit across into the new year!