Australian Ethical Investment has reduced the upfront fees across a number of its superannuation and wholesale managed funds.
The listed fund manager has cut the fees for its Smaller Companies Trust and Larger Companies Trust effective 1 July from 1.35 per cent to 0.95 per cent.
The fee changes were in response to market conditions and a need by the company to become more competitive on price, Australian Ethical strategy and communications general manager Paul Smith said.
"Lots of change is going on in the marketplace. We're improving our products . in terms of features," Smith told InvestorDaily.
"We have managed to reduce our costs quite substantially in order to service and compete in a fee-squeezing environment."
He said at present platforms and financial advisers were putting a price squeeze on fund managers.
"Retail super funds are having to compete more with industry super funds and we're working hard to maintain our competitiveness," he said.
"We really want to grow ... the vision is about bringing about positive change."
News of the fee cuts comes just weeks after the company won a board battle against 'dissident' shareholders.
On 21 June, shareholders voted to reject all 10 resolutions put to a general meeting in Canberra.
Australian Ethical Investment managing director Phil Vernon said the company wanted to "move ahead" from the vote.
Asked whether he anticipated any further interruption from the dissident shareholders, Vernon said he did not think so.
"We expect them to respect the vote. They have said they will respect the vote," he said.
