Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.
A number of platforms currently impose a spread between the ‘bid’ price and the ‘creation’ price of the new clean share class when selling bundled dual-priced funds, despite no transaction of shares taking place....
Regtech or fintech
Underperformance still present – for now
15% increase in number of claims paid
Open architecture philosophy
Inflation above 2% for first this this year