Standard Life is poised to launch several hundred "super-clean" classes in the second half of 2013, despite scepticism the platform will be able to agree terms with fund groups.
Following HM Revenue and Customs' decision to tax rebates, several platforms announced they would lobby managers for preferential clean share classes, which replicate the commercial advantage currently given to larger platforms through the rebate system. However, with Skandia now focussing attentions on launching unbundled share classes that pay unit rebates, speculation has grown the fund groups are unwilling to offer super-clean classes. Rivals have highlighted problems surrounding re-registration, with individual share classes for each platform potentially hindering the transfer of...
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