Cazenove Capital Management has made unbundled share classes available to intermediaries across its equity and multi-manager fund ranges ahead of the RDR deadline at the end of the year.
The move means advisers can access the group's equity funds through platforms for an AMC of 0.75%, while the AMC on its multi-manager funds is 0.5%. Previously only institutional investors could access these share classes. The group has also waived the minimum investment of £1m, with advisers now able to purchase the share class for £1,000 when purchasing for clients through platforms. The unbundled pricing structure will sit alongside the existing retail share classes which have AMCs of 1.5%, as well as the A share class - typically sold through life products - which has an AMC of...
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