Liontrust introduces premium pricing on Cross and Fosh's UK Small Cap fund

Liontrust has scrapped rebates on its successful UK Smaller Companies fund, run by managers Anthony Cross and Julian Fosh, as it moves to premium price the product.

From May, the group is no longer paying rebates on its 1.5% AMC retail share class on new business, with the full 1.5% going to the group. Liontrust said it expects most investors to opt for its clean fee institutional share class - which has an AMC of 1.25% - instead. Simon Hildrey, partner and head of marketing and communications at Liontrust, said: "We launched a clean fee share class (I class) on 28 January with an AMC of 1.25%. "From 1 May, we will stop paying rebates on new investments into the R class, which has an AMC of 1.5%, because we expect most new flows to go into the...