Why have so many of the preferential fund deals announced in recent weeks been based on unit rebating rather than the launch of super clean share classes? Henry Brennan finds out
For a while, it looked as though the case for unit rebates was losing momentum. The tax implications announced in March, coupled with the promise of super clean share classes, looked substantial enough to take the argument in a different direction. However, the unbundling of the execution-only platforms' pricing structures contributed to a renewal of the debate, particularly in the context of a slow trickle of super clean deals actually making it to the market. Hargreaves Lansdown revealed its new pricing structure in January and with it the promise of cheaper fund deals for investors...
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