Hargreaves Lansdown has revealed it was offered share classes for its new 'Wealth 150+' fund range with annual management charges as low as 0.25% for active equity funds.
The D2C platform giant, which today unveiled its long-awaited platform pricing structure for the post-RDR world, will reveal the full list of its new Wealth 150+ fund range in March, but revealed some details of the offers it received today. Mark Dampier (pictured), head of fund research at Hargreaves, said following its tender to fund groups to "put their best foot forward" in terms of super-clean pricing, the platform received some "incredible" prices, but rejected a number because of performance issues. "We got offered some incredible prices but the funds weren not good enough," he...
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