sli confirms clean fee share class

Standard Life Investments (SLI) has confirmed its clean fee share class is now fully authorised and could be available for advised investments made via third-party platforms.

sli confirms clean fee share class
1 minute

The fully unbundled share class is part of the firm’s preparation to meet the requirements of the UK market place after the introduction of RDR in January.

The typical annual management charge within the share class is 0.75%, half of the AMC on existing bundled share classes.

Jacqueline Lowe, head of UK wholesale at Standard Life Investments, said: "We have been fully supportive of the regulators desire to create transparency vis-à-vis the unbundling of AMCs and have been working for a long time to develop our fund pricing structure in preparation for the RDR.

"We hope the vast majority of third-party advised platforms will adopt this new share class for the post RDR marketplace making it easier for customers to assess the relative merits of the various services they’re receiving."

SLI said it was still assessing the requirements for RDR and expects to make further announcements on new share classes in due course.

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