Fidelity FundsNetwork is disclosing its fund manager fees as it looks to create a more transparent market and prove its pricing policy is free from commercial bias.
It said full details of the fees it receives from fund management groups for each share class of fund available, in addition to information on its pricing policy, will be freely available on its website from September 1. Its standard platform fee is 0.25% and over 90% of the funds currently available on FundsNetwork a carry a fee of 0.25% or less. The platform said in a limited number of cases (less than 0.5% of all funds) where funds do not pay commission, the platform fee may be above the typical rate card of 0.25%. The platform's rate card is driven by fund AMC - for example, if a ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
