Buxton for less: Standard Life agrees preferential terms with Old Mutual

Old Mutual Global Investors has become the latest fund group to agree super clean share class terms with Standard Life, an arrangement extending across its entire fund range.

The asset manager, whose fund range includes the Old Mutual UK Alpha fund run by Richard Buxton (pictured), joins the likes of Schroders and Threadneedle on the eight-strong list. Other groups to have agreed super clean terms with Standard include Cazenove, Henderson, Investec, Neptune and Standard Life Investments. Standard Life said the terms broadly reflect the existing discounts it offered on Old Mutual funds under the old rebate-based model. The platform said last month it had also agreed terms with three other groups that wished to remain unnamed until they are ready to make ...