Majority of new business expected to be in clean share classes within 12 months

Approximately 52% of the 300 advisers surveyed as part of Axa Wealth's quarterly adviser survey said they anticipate more than 75% of new platform business going into clean share class funds during the next 12 months. A further 20% predict that the level of new assets going into clean share classes will be above 50%. Axa Elevate managing director David Thompson said: "Advisers have embraced the control that clean share classes provide over their clients assets. "Together with the introduction of the RDR, HMRC's decision to tax fund manager rebates and the FCA's platform paper rules...