Control freaks: Who should carry out share class conversions?

A clearer picture of where the platform industry stands on the issue of bulk conversions to clean share classes emerged last week following a series of announcements from the fund supermarkets. A number of platforms, including Ascentric, Novia and Standard Life, have all committed to the mass conversion of fund classes well in advance of the regulator's 2016 deadline. Novia chief executive Bill Vasilieff said that, in addition to avoiding a confusing scenario for advisers, the move represents an "absolute commitment to providing a clear, transparent and unbundled pricing structure" in...