Over the past couple of weeks, super clean share classes have been making the headlines, following Standard Life's announcement it had secured terms with seven fund groups.
The announcement was a bit of an anti-climax, a point not missed by commentators including Mark Polson, principal of the Lang Cat. Two of the named groups are, after all, now part of the same business (Schroders having bought Cazenove), while Standard Life Investments was unlikely to have been in a position to reject its own parent. Now the names of some of the groups have been revealed – no other details have yet been forthcoming from Standard Life – the next big question is: who will be able to get these lower cost, or preferential, share classes? They are designed for distributors ...
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