Standard Life joins Skandia to push for 'special' clean share classes
Standard Life is to press fund managers to launch cheaper share classes for large platforms including itself, after HM Revenue & Customs said it would apply income tax to unit and cash rebates.
The platform, which hit £11bn of assets under administration in October, is lobbying for a Standard Life-specific share class, around 10bps cheaper than the 75bps industry average, to account for previous...
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