Nucleus' Huddart on the preferential fund price 'smokescreen'

Nucleus’ Huddart on the preferential fund price ‘smokescreen’

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The results of our annual Nucleus census were recently unveiled and, as always, provided a real insight into how advisers view issues in today's market.

One finding that struck me in particular is an overwhelming ambivalence towards ‘superclean' share classes; 76% of advisers said that either any reduction in basis points would not be meaningful enough to influence their platform or that it would take a reduction of 10bps or more. This makes real sense, because I can't help feeling that the whole preferential fund price thing is really just a smokescreen. Let's take a step back and recap on the different costs that clients actually do, or may, pay for the platform and investment bit. There are four umbrella categories: The TER...

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