Henderson Global Investors has scrapped plans for the creation of preferential share classes in order to offer intermediaries a "level playing field".
Standard Life originally confirmed Henderson as one of seven fund managers that had agreed to create discounted ‘super clean' share classes. The current list of participating fund groups, published by the wrap today, revealed that Henderson has since decided to scrap plans for the creation of a new preferential share class. Henderson Global Investors managing director for distribution Stewart Cazier says the decision was made to avoid creating problems for intermediaries who use more than one platform. He said: "It is not our policy to comment on specific negotiations with distrib...
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