Investec

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

Cofunds has written to fund groups demanding contractual rights to the best share class deals in the market - as and when they become available.

THE BIQ QUESTION

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.

Wrap platform Standard Life has revealed the names of the first seven fund groups who have offered it preferential ‘super clean' share class deals, with a further four to be announced in the coming weeks.

Investec Asset Management has set out a marker for other fund groups on super clean after launching low-cost share classes for six of its most popular funds.

John Wyn-Evans has joined Investec Wealth & Investment as head of investment strategy.

Former Investec energy portfolio manager Jonathan Waghorn has joined Guinness Asset Management.

BIG QUESTION

Former Investec energy specialist Mark Lacey is to join Schroders.