GLG has unveiled Retail Distribution Review (RDR)-ready unbundled share classes across its UK-domiciled range.
Following moves from peers, GLG is rolling out 0.75% share classes - with the trail commission and platform fee stripped out - across 11 of its funds.
Most of these chare classes already exist and will be made more widely available to investors, although the group is launching new share classes for its UK-domiciled GLG Balanced Managed and GLG Stockmarket Managed funds.
UK retail investors will also have access to GLG and Man Group's institutional share classes for its Irish and Luxembourg domiciled UCITS funds sold in the UK from next year.
Richard Phillips (pictured), managing director of UK retail at Man Group said: "Opening up our professional share classes is an efficient way for us to offer RDR-compliant retail access to our range of investment strategies."
Separately, Aberdeen Asset Management today also clarified the pricing on its unbundled RDR share class offering, which it first announced at the end of August. At the time the group said there would be a range of pricing between 0.25% and 1% depending on the asset class and strategy.
The AMC on Class 1 shares - which includes a range of the company's OEIC products - will be cut from 1% to 0.75% from 1 October this year.
The funds impacted include the American Equity, European Equity, European Frontiers, Japan Growth, Multi-Asset, UK Equity and UK Equity Income funds.
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