The introduction of super clean share classes will be a short-lived arrangement but one that still has the potential to drive platform consolidation, says UBS Wealth Management executive director Graeme Price.
The introduction of discount, or ‘super clean', share classes has been confirmed by a number of providers including execution-only platform Hargreaves Lansdown and Standard Life. The subject has been at the centre of a protracted debate in the platform industry but Price said he believed it is unlikely it will prove to be a permanent feature. He said: "The super clean share class issue will not last long but might act as a precursor to consolidation. Some of the smaller platforms simply will not be able to access that. "Super clean is not a long-term game and there are issues there...
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