FundsNetwork to offer clean share classes only by year-end

The change will be effective from 9 December, giving clients a pricing model comprising a £45 investor fee and a 0.25% p.a. service fee, which the group said will be both simple and transparent. There will be no initial or switch charges, and trail commission on existing assets will remain unaffected until advice has been given. The newly launched FundsNetwork Pension already adopts a clean only approach. FundsNetwork launched its first unbundled funds and clean pricing model in April last year to sit alongside its existing bundled range. Up until now the choice of share class has ...