The acrimonious dispute between Invesco Perpetual and the board of one of its investment trusts has been resolved, with the UK investment house being re-appointed on a “revised management fee basis” and two of the board's directors agreeing to step down immediately.

The board of the Invesco Perpetual Enhanced Income trust, which has £120m in assets under management, has been at loggerheads with Invesco since November over the fees it was being charged.