Rathbones plans RDR-ready share class launches

Rathbone Unit Trust Management (RUTM) is planning to launch clean, low-cost share classes priced at 0.75% AMC across its fund range next year.

The group, which has a range of well-known funds including Carl Stick's £432m Rathbone Income fund as well as David Coombs' range of Multi-Asset portfolios, currently only has retail units available across the majority of its funds. However, the group is looking at launching institutional share classes priced at 0.75% - which have trail commission and platform charges stripped out - in the first quarter of next year. Mike Webb (pictured), chief executive of Rathbones, said: "We are still looking at it, and my thinking is we will need factory gate pricing. "It would be institutional...