Third of UK retail assets still held in pre-RDR share classes
Trailing fees fall to less than £1bn for the first time
A third of UK retail assets are still held in pre-RDR share classes, according to Fitz Partners
One third of retail assets invested in UK funds are held in pre-Retail Distribution Review (RDR) share classes that pay rebates to financial advisers, research from Fitz Partners has found.
When RDR was introduced in 2013 more than 70% of UK retail assets were held in 'fully loaded' share classes. This proportion has fallen steadily by around 10 percentage points every year. According...
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