RLAM unveils RDR ready share classes

Royal London Asset Management is the latest firm to introduce a clean share class in preparation for the Retail Distribution Review.

The revised range of share classes, with commission and trail stripped out, comes into effect today. It will sit alongside RLAM's retail and ‘true' institutional share class. The new clean share class has a minimum £100,000 investment, reduced from £1m. Annual management charges (AMCs) vary across the fund range, with active funds ranging from 0.5% to 0.7%. Derek Mitchell (pictured)'s £462m Royal London UK Opportunities fund is priced at 0.7%, while the £450m Royal London Japan Growth fund has an AMC of 0.5%. Meanwhile, the UK Equity fund run by Jane Coffey, the group's head of equ...