UBS rolls out RDR share classes as part of UK retail push

UBS Global Asset Management has launched RDR ready commission free share classes as part of a wider push into the UK retail market.

The fresh B share classes will be available from 31 December on the UK-domiciled retail funds, ahead of the implementation of the Retail Distribution Review. The share classes will offer investors the choice of a minimum investment of £50 a month in regular savings or a £1,000 lump sum. The annual charges will vary between 0.4% and 1.1% depending on the fund's investment strategy. "We have designed our new B share classes to be compliant with the RDR and easy for financial advisers to use with a single, clean annual management charge," said Steve Hutton, head of UK wholesale at the gr...