Hargreaves Lansdown will not announce the funds on its revamped Wealth 150 list until 1 March - but said it has secured annual management charges (AMCs) as low as 30bps for some active equity funds.
A core of 27 'favourite' funds, known as the Wealth 150+ range, will have an average AMC of 0.54% - an average 16 percentage point discount to the standard market AMC of 0.7% for the funds.
Examples of funds with lower AMCs include Artemis Strategic Assets, which will have an AMC of 0.66% (vs 0.75% standard unbundled charge), and Invesco Perpetual's Tactical Bond fund, which will have an AMC of 0.45% (vs 0.625% standard).
The Marlborough Multi-Cap Income fund, meanwhile, will have an AMC of 0.6%, down from a standard 0.75%.
However, the full list of funds will not be revealed until 1 March, Hargreaves Lansdown CEO Ian Gorham (pictured) said today.
The lowest charge on an active equity fund on the list will be 30bps, while the cheapest active corporate bond fund is 15bps.
The platform is also making available new "super-low cost" passive funds from L&G and BlackRock as of that date, with charges starting at 0.06% per annum, with flat monthly fees scrapped.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
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