It is "essential" clients are given prior notification when their fund holdings are converted to post-RDR 'clean' alternatives, but individual consent is not necessary, the Financial Conduct Authority (FCA) has outlined in finalised guidance on bulk transfers...
AJ Bell is aiming to start converting existing fund holdings on the platform to the clean share class equivalents in the final quarter of the year.
It seems we have now seen the back of clean and super clean share classes, which is a relief as it was very tedious...
Barclays Stockbrokers has cut the charge on its self-invested personal pension (SIPP) just weeks after revealing its clean pricing structure.
Platforms continue to lobby the regulator for further guidance surrounding the move to post-RDR share classes.