Nucleus' Huddart on the preferential fund price 'smokescreen'

Nucleus’ Huddart on the preferential fund price ‘smokescreen’

clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Aviva platform net flows up 24% in Q1 to £1.6bn in 'buoyant market'

Aviva platform net flows up 24% in Q1 to £1.6bn in 'buoyant market'

Provider’s trading update for Q1

Jenna Brown
clock 14 May 2026 • 2 min read
CIP design and platform selection: Which really comes first?

CIP design and platform selection: Which really comes first?

Firms can take steps for better CIP delivery

Mark Sanderson
clock 07 May 2026 • 4 min read
Why advisory businesses need to question their platforms' operational resilience

Why advisory businesses need to question their platforms' operational resilience

'If you're a financial advice firm, client trust is your most valuable asset'

Martin Jennings
clock 30 April 2026 • 4 min read