LONDON, Oct 30 (Reuters) - Legal & General said onThursday it was cutting fees by up to 55 percent for its retailindex funds from Nov 1.
The biggest reduction was in its international index fund,while its UK 100 index fund would see a 44 pecent fee reduction,L&G said in a statement.
Legal & General Investment Management has more than $1trillion in assets under management, mainly in index - orpassive - funds.
(Reporting by Carolyn Cohn; editing by Matt Scuffham)