Prudential launches clean share classes

Prudential has unveiled a range of clean share classes on its multi-asset funds, initially available on the Standard Life and Aviva platforms.

Platforms will be able to distribute clean share class versions of the £256m Managed Defensive and £76m Cautious Managed Growth funds priced at 60bps, and the five Dynamic Portfolio funds at 65bps. Head of investment business development Paul Fidell said: "The introduction of clean share classes is a welcome move for investors, as it will ultimately make fund charges more transparent, while also signalling a fundamental change to the way the collectives market operates. "The forthcoming regulatory and fiscal changes surrounding rebates are accelerating the introduction of clean share ...