Fidelity FundsNetwork has confirmed it is reviewing its charging structure for investors in its Navigator range who buy the funds via its own platform.
Following the Financial Conduct Authority (FCA)'s final rules on platforms, released on Friday, the platform giant has moved to review its arrangement for holders of its Navigator range, run by Trevor Greetham (pictured). Currently, FundsNetwork waives the platform fee if investors buy one of its 15 Navigator funds, but this has been potentially jepordised by the FCA's ruling. The regulator said in the paper: "Product costs should not be used to cross-subsidise the platform charge. "If a platform service provider is also a fund manager, we would not expect the platform to be labell...
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