Standard Life matches Hargreaves with average 53bps on discounted funds

Standard Life says the average discounted clean fund annual management charge (AMC) is 53bps - in line with the average discounted AMC obtained by Hargreaves Lansdown for its Wealth 150+ list. BlackRock, Invesco Perpetual, Old Mutual Global Investors and Liontrust have joined Investec Asset Management, Neptune, Schroders, Threadneedle and Standard Life Investments in agreeing to create preferential ‘super clean' share classes, accounting for 31% of platform assets or £6.2bn. Absent from the original super clean list, which was unveiled in September, is Henderson Global Investors which...