Hargreaves Lansdown is planning to secure "as good if not better" terms with fund groups on super clean share classes as Standard Life, after the latter announced it had secured preferential deals with 15 fund providers.
Standard Life said it had secured a 9bps discount on average across a range of super clean share classes it intends to offer to users. A number of platforms including Skandia have previously said they would expect fund groups to match any deals made with Standard Life - the first to float the idea of 'super clean' share classes. Hargreaves has already urged groups to "put their best foot forward" on pricing, but today the platform giant told Investment Week it would be looking to get the same terms or better as Standard Life. Hargeaves Lansdown's head of advice Danny Cox (pictured)...
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