Fidelity Worldwide Investment's John Clougherty has said the group would not price its active equity funds as low as 30bps, following news Hargreaves Lansdown has secured funds for that price on its new Wealth list.
Fidelity has launched its own new-look pricing structure as it moves to wrestle control of the D2C market from Hargreaves Lansdown, but how does its pricing compare?
Fidelity has undercut Hargreaves Lansdown with its new pricing structure, introducing an AMC of 0.35% for clients with total assets up to £250,000.
One story dominated the headlines this week as Hargreaves Lansdown revealed its new pricing structure, but an insider dealing investigation and some fund tips for 2014 also enthralled readers.
Next year will bring the realisation that super clean is not so super, predicts Fidelity FundsNetwork, with rebates trumping super clean share classes.