RDR will force new fund share classes

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Fund managers look set to offer additional share classes on funds or drop the minimum investment in ...

Fund managers look set to offer additional share classes on funds or drop the minimum investment in institutional tranches if the FSA's Retail Distribution Review proceeds in its current form. The regulator says fund groups will face greater difficulties adapting to the new regime, as most only offer share classes paying trail commissions to advisers. From 2013, the FSA will require product providers to remove all pre-determined commission payments from retail products, allowing advisers full control to negotiate remuneration with clients. "While factory-gate pricing arrangements are ...

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