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...
From Q1 2020
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AUM up due to strong markets
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