More than half, 52%, believe the figure will be over 75% and a further fifth anticipate putting at least half of their new assets into clean share classes, according to the results of a survey by Axa Elevate.
Share class adoption has increased over the past six months due to the introduction of RDR, HMRC’s decision to tax fund manager rebated and the FCA’s platform paper rules.
The firm said it has seen the percentage of inflows into clean share classes on its Elevate platform increasing month-on-month in the first six months of the year.
In terms of clean share classes on offer, the number varies from platform to platform. Earlier in the quarter Cofunds revealed it would offer 3000 by July, while Fidelity Funds Network’s aim was just one third of that level, 1000.
Standard Life revealed in April that it planned to remove the rebate option from its platform pricing structure entirely by the end of the current tax year, while Skandia stated it was to keep as many rebates classes as possible lest investors miss out.
