M&G prepares dual RDR-ready share classes

M&G Investments is considering launching both a 0.75% and a 1% AMC share class as it positions its fund range ahead of the Retail Distribution Review (RDR).

Investment Week understands the group, the UK's largest fund manager by net retail sales, has contacted key clients and informed them of its intentions. M&G boasts a range of top-performing funds which would be affected by the changes, including Richard Woolnough's (pictured) £6.3bn Optimal Income fund, and Graham French's £5.8bn Global Basics fund. M&G’s plans would leave it in a position to satisfy all types of platform and meet either criteria set by the FSA. The fund supermarkets have held back from committing to the 0.75% AMC share classes - which have commission and the platf...