Standard Life aims to convert all investments currently held in bundled share classes on the platform to their unbundled ‘clean' equivalents by the end of the year, it announced today.
Starting in early November, Standard Life will carry out bulk conversions of clients remaining in unbundled structures to clean share classes at the lowest total expense ratio (TER) available, including any ‘super clean' equivalents. By the end of the year, the provider said it will no longer offer the bundled retail share classes to new or existing customers, except to facilitate re-registration. Before then, advisers are able to invest in unbundled share classes when making or changing mutual fund investments for clients, it added. Standard Life currently has in the region of 2,0...
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