Rathbones to launch RDR-ready share classes on 1 March

As reported by Investment Week, IFAonline's sister title, in November, the group's new 'i-class' units/shares remove the 0.5% trail commission and the 0.25% platform fee currently included in the annual management charge (AMC). This means most funds' AMC will be 0.75% with no initial charge. Rathbones said the changes accommodate changing intermediary business models ahead of RDR implementation next year. The group has a range of well-known funds including Carl Stick's £432m Rathbone Income fund. While the AMC on most funds in i-class will be 0.75%, Rathbones lower cost Ethical ...