Aviva Investors has launched RDR-ready share classes for a number of its most popular funds, as well as removing initial charges from all its onshore portfolios.
The firm has scrapped initial charges across the full range of its onshore OEIC funds for advised and direct business. It has also launched low-cost share classes with adviser trail stripped out on a number of funds. These include the UK Equity Income fund with an annual management charge of 1%, the Multi-asset fund range charging 0.75% and the Property Trust at 0.9%. Institutional investors will also have access to various commission-free share classes with charges between 0.15% for the Cash Fund and 1% for the Global Balanced Income fund. The firm has also launched a trail com...
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