Gosling's Grouse: New developments in the fund pricing shakeout

Price transparency has become a ‘buzzword' in the industry, particularly in the RDR world in which we all operate.

After a rush of ‘clean’ share classes, we rapidly moved on to ‘super clean’ – a language I still find quite odd. Thankfully the industry has moved on to talk about the actual price of these new share classes, and it would appear most groups are comfortable at around 65 to 75 basis points, depending on the fund and the platform. Will 65bps become the new 75bps? Cutting the annual management charges from 1.5% to 0.75% seemed too easy a switch in pricing, and, if anything, implied the old price was far too expensive, or at least had too much margin in it for everyone in the distributio...