Ecclesiastical is launching Retail Distribution Review (RDR)-ready institutional share classes across its range of six funds.
Following moves from peer groups, Ecclesiastical is rolling out a 0.75% ‘B' share class across all of its funds, but is offering 0.65% on its screened Amity Sterling Bond fund managed by Robin Hepworth and Chris Hiorns.
Ecclesiastical said it is working with platforms to add the funds and is on schedule to complete the move well in advance of the year end.
Hepworth also runs the fixed income and equity mix Higher Income fund, which has topped the group's best seller list and grown £20m in size since the start of the year.
Ecclesiastical's strategic partnerships manager Phil Baker said: "To meet the needs of advisers, Ecclesiastical is making its institutional ‘B' share class available to major IFA wraps and platforms. This will allow advisers to access the Ecclesiastical fund range, including the leading SRI Amity funds, at ‘clean' prices.
"Ecclesiastical will also continue to support IFA platforms that are choosing to operate with a rebates model, with the appropriate rebates from its retail 'A' class being passed through to the client."
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