Fee change as M&G alters its share class on Cofunds

commissions

Intermediaries are to receive 0.25% less trail commission on 13 M&G funds sold through Cofunds, as t...

Intermediaries are to receive 0.25% less trail commission on 13 M&G funds sold through Cofunds, as the group moves from X to A share classes on the platform. The move will make the range unavailable on the platform for a week from 17 June while the change is made. The group currently sells many of its funds using the X share class, which does not feature an initial charge and carries an annual management fee of 1.25%. Featuring a decreasing exit penalty, the X share class pays trail commission of 0.5%. In comparison, the A share class features a 5% initial charge, has no exit penalties,...