The Financial Conduct Authority (FCA) has asked Hargreaves Lansdown to share details of its negotiations with fund groups over clean share class pricing.
In a detailed information pack sent to fund groups and seen by Investment Week, Hargreaves outlined its various strategies for the business in a post-Retail Distribution Review (RDR) world. Hargreaves' chief executive Ian Gorham (pictured) highlighted what the firm sees as the most attractive options. These include an exclusive Hargreaves-specific share class, a preferentially-priced 'super clean' share class made available to a few distributors, or a clean share class with a rebate - which would be taxable. The document goes on to say the FCA is interested in fund groups' response...
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