T.Bailey ups trail commission

The independent multi-manager is funding the extra cost with a hike in its annual management charge on the retail unit class from 1.25pc to 1.5pc. The new charging structure will come into affect from January 1, 2007 but as it will apply to both new and existing business advisers can take advantage now. The move comes as T. Bailey announced it was slashing the minimum investment levels on institutional classes from £100,000 to £30,000 to make them more appealing to IFAs. Jason Britton, co-fund manager at T. Bailey, described the new commission arrangement as a market-leading rate. ...