Bundled share classes see ‘modest fee trimming’ post-RDR
Legacy assets in certain active fixed income funds have seen fees rise 20%
Legacy assets in certain active fixed income funds have seen fees rise 20%
Cofunds has appointed key consultancy teams from a wide range of backgrounds who will focus on migrating back book to explicit pricing.
The majority of advisers believe at least 50% of all new platform business will be directed into clean share classes over the next 12 months.
Cofunds has announced plans to offer 3,000 clean fee share classes by July, up from 2,700 now, while Fidelity FundsNetwork's aim by June is only a third of that level at 1,000, Portfolio Adviser can reveal.