Schroders to drop dual pricing as advisers warn it could cause MiFID II confusion

James Rainbow, co-head of UK intermediary, said Schroders was responding to demand from advisers, who have raised concerns regarding dual pricing following the introduction of the new MiFID II rules in January, claming dual pricing can be misinterpreted as fund fees.   Swing pricing, which aims to mitigate the impact of large inflows or outflows within funds, means investors pay a single price when purchasing or redeeming shares, as opposed to paying an offer price when purchasing shares or a bid price when redeeming. The move will align the portfolios with the rest of the asset manag...