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Investec Rolls Out RDR-Compliant Share Classes
Max Skjönsberg
15 May 2012
Investec Asset Management, part of UK and South Africa-listed Investec, has launched new share classes across its UK-domiciled fund range in anticipation of the approaching Retail Distribution Review. The asset manager now offers a share class with a 0.75 per cent annual charge available to fund platforms and advisors. The UK Financial Services Authority’s RDR is designed to improve advisors’ qualifications standards and stamp out the use of commission payments.