Assets in pre-RDR share classes fall to £184bn – Ignites Europe

Investors in UK funds worth £184bn (€214.8bn) are still in higher-charging share classes, despite new rules introduced last year that allow asset managers to move them into cheaper share classes.

Assets invested in pre-RDR share classes fell by 18 per cent in 2019, compared with a drop of 14 per cent the year before, according to Fitz’s data.

Annual charges on pre-RDR share classes of actively managed equity funds have fallen by 8.8 per cent since the ban on retrocessions, [Fitz’s data] show.


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