FundsNetwork: We expect best terms from fund managers

FundsNetwork has fired a warning shot to fund managers, saying any "special deals" struck up with rival platforms will be revealed under the transparency principles underpinning Retail Distribution Review (RDR).

Last August, the platform revealed its fund manager fees as it looked to prove its pricing policy was free from commercial bias. The move followed that month's platform policy paper in which the FSA said it will look to enforce consistent disclosure of platform fees and remuneration when RDR is implemented. "With the RDR introducing much welcomed transparency, it will be clear to see the price for funds through any investment platform," said Fidelity Worldwide Investment head of business development Ed Dymott (pictured).  "There have always been discussions around special deals being ...