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.
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.
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