Threadneedle to launch RDR share classes

Threadneedle is to roll out a range of commission-free share classes across the majority of its fund range, and waive initial charges for advised UK retail investors, as it makes its proposition ready for the post-RDR world.

The asset management giant, the UK's third largest retail fund manager, has unveiled a commission-free share class - with a 0.75% AMC for most of its equity funds - which will be available from the end of the year. The Z share class will be used predominantly by wealth managers and IFA firms, and will apply to vehicles including the group's popular UK Equity Income fund - run by Leigh Harrison and Richard Colwell - and Cormac Weldon's (pictured) American fund. In total 51 funds will have their own Z share classes, which will sit alongside the 1% AMC institutional share class, and the ...