Investec's Aird: Super clean round two is on its way

‘OCF is not the final step’

Investec Asset Management's David Aird talks to Nick Paler about a potential new wave of super clean deals, why the industry must do more on cost disclosure, and the hiring of Simon Brazier.

Aird, managing director, UK at Investec AM, believes the preferential pricing deals agreed between fund groups and distributors earlier this year mark only the start of negotiations. Investec was quick to set out its position on super clean fund charges, pricing six of its most popular funds at 0.65% in a move which surprised some competitors. So far, the funds are only available to a few strategic partners - principally Standard Life - but Aird said fresh negotiations are ongoing for most fund groups, with a new wave of super clean deals being thrashed out. "There is a whole raft ...