Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Barclays Stockbrokers unveils fund pricing structure

2 Comments
Barclays Stockbrokers unveils fund pricing structure

Barclays Stockbrokers has unveiled its new fund pricing structure.

The platform has set its fund administration fee at 0.35% per annum, with no further charge on fund holdings over £500,000.

Barclays is the latest major platform to reveal its retail distribution review (RDR) pricing structure this month, following Hargreaves Lansdown and Fidelity.

Fidelity’s pricing starts at 0.35% too with no extra charges beyond £1 million, and Hargreaves starts at 0.45% with no extra charges beyond £2 million.

Barclays has also secured an average annual management charge of 0.68% on 2,000 funds, compared with 0.64% for funds on Fidelity’s Select List of approximately 140 products and 0.65% for the Hargreaves Wealth 150 list.

Barclays Stockbrokers director Alastair Thaw said in a statement: 'We are introducing what we believe to be a clear, simple and fair RDR funds pricing structure.

'The Retail Distribution Review has encouraged a more competitive marketplace, however we recognise that the changes can be confusing. Investors need clear and simple information about the price they are paying and we have designed our pricing structure with clarity, simplicity and fairness at its heart.'

He added: 'Where it will benefit our clients, we will be actively converting existing client fund investments to clean share classes from 1 March 2014 because we believe it is the right thing to do and supports the aims of RDR.'

The firm clarified that it would only convert ‘non clean’ funds to clean share classes where the combined cost of the fund administration fee and the clean annual management charge is less than ‘non clean’ fund annual management charge.

Barclays will also only permit purchases into clean share class, where they are available, from 1 March 2014.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Play Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Baillie Gifford's Earnshaw on Xi Jinping's 'new era'

Sophie Earnshaw talks through what Xi Jinping's 'new era' means for investors. and why Chinese tech offers some of best growth stocks in the world.

Read More
Your Business: Cover Star Club

Profile: JM Finn on why the future is with financial planners

Profile: JM Finn on why the future is with financial planners

There is a lot of work on pension consolidation and Sipps have been a big driver there, says JM Finn chief executive

Wealth Manager on Twitter