JPMAM unveils plan to offer three share classes post-RDR

The group will offer the ‘A' share class, which will carry a typical annual management charge (AMC) of 1.5%. It will be available to direct retail investors and to advisers eligible for commission, such as non-advised or legacy business. They will also offer a ‘B' share class with a typical AMC of 1%. It will be ‘clean' of commission and available to advisers placing business directly with the group, and to platforms or nominees, including providers that want to receive a platform inclusive fee. The minimum investment for this share class is £1m but the group said it would work with i...