AMC

Stephen Mohan, head of UK & Ireland at Allfunds Bank, has reignited conversations with fund managers and clients about ‘0%' share classes, amid potential changes to VAT rules.

New data has shown equity funds have been impacted to a far greater extent than bond funds in terms of price following the move to unbundle product fees.

Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.

Overhauled pricing model will see majority of D2C platform's clients paying 0.45% annual fee.

Hargreaves Lansdown has revealed it was offered share classes for its new 'Wealth 150+' fund range with annual management charges as low as 0.25% for active equity funds.

Vanguard Asset Management is lowering charges on a number of its LifeStrategy funds as the price was in passive investment continues to heat up.

Dalton Strategic Partnership has cut the annual management fee on its Melchior Global Equity fund in a bid to offer retail investors alpha for the cost of a passive fund.

RDR

Wealth managers have been adding floating rate funds to portfolios as they seek more flexible alternatives to short duration bond offerings.

Hargreaves Lansdown said the move to super clean share classes will not automatically lead to a ‘new normal' annual fund charge of 65bps, claiming it has already negotiated greater discounts with some groups.