SLI rolls out 'clean' share class

Standard Life Investments (SLI) has joined a host of larger fund groups launching low-cost share classes ahead of RDR.

SLI has rolled out fully unbundled share class, with a typical 0.75% AMC across the fund range, down from 1.5%, after stripping out commission charges. From Q1 next year SLI will offer three different share classes for investors; the existing retail class, institutional and a clean ‘Z' class. Jacqueline Lowe (pictured), head of UK wholesale at SLI said: "We have been fully supportive of the regulators desire to create transparency vis-à-vis, the unbundling of AMCs and have been working for a long time to develop our fund pricing structure in preparation for the RDR. "We hope the v...