Super clean and others: What drove different approaches to passing on cheaper costs?

Super clean and others; why fund groups took different approaches to passing on cheaper costs

clock

Standard Life has completed its first round of negotiations with fund managers, revealing a difference of opinions when it comes to the best approach in delivering fund discounts. Henry Brennan finds out more...

Eight fund groups, not including Standard Life Investments, opted for the ‘super clean' route, resulting in the creation of a new, discounted share class for 298 mutual funds. Four other fund groups, again not including Standard Life Investments, opted for the insured fund approach. Standard Life manufactures a unitised fund under life insurance regulations and is able to then negotiate cheaper fund costs as an institutional investor. The firm says this approach has required the creation of the first range of fully unbundled insured funds and has confirmed 79 discounted insured fund l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform due diligence: A comprehensive approach

Platform due diligence: A comprehensive approach

Due diligence is more than best practice it is ‘fundamental'

Stephen Ford
clock 18 November 2024 • 4 min read
Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock 15 November 2024 • 4 min read
Schroders UK Platform Awards 2024: Full list of winners revealed!

Schroders UK Platform Awards 2024: Full list of winners revealed!

See who took home a trophy at last night’s ceremony in London

Professional Adviser
clock 25 September 2024 • 1 min read