Pershing signs up four groups to Nexus Funds

Funds from Gartmore, Invesco Perpetual, Morley and Norwich Union have been added to the Nexus Funds p...

Funds from Gartmore, Invesco Perpetual, Morley and Norwich Union have been added to the Nexus Funds platform. Pershing, the Bank of New York Mellon-owned company that runs the service, has now signed up 17 fund groups in total effectively making it cheaper for investors to access their products. Investors can access any UK mutual fund via the platform, but dealing and settlement fees, also custody charges, are waived on vehicles from groups that have been signed up. It also allows advisers to consolidate trail commission, streamlining administration. Other groups that have agreed terms w...