Hargreaves Lansdown has revealed the 27 heavily discounted funds on its 150+ list.
The combined average management charge of these super clean funds is 0.54% and includes products run by high profile managers such as Angus Tulloch, Adrian Frost, Tom Dobell, Richard Buxton, Harry Nimmo, Leigh Harrison, Stephen Harker and Giles Hargreave
However, there are some notable exclusions with Invesco Perpetual's UK equity income franchise run by Neil Woodford, who is leaving the firm to set up his own boutique, not on the list.
Henderson, one of the UK's biggest fund houses, has no representation, along with JO Hambro Capital, whose chief executive Gavin Rochussen told Wealth Manager last week his firm would refuse to bow to downward pressure on fund fees.
The new list also does not include any index tracking funds, which can be found in a separate super low cost core tracker list. This list contains 12 funds and covering global equities and bonds managed by either BlackRock or L&G, with on-going charges ranging from 0.09% to 0.25%.
Hargreaves Lansdown 150+ sits alongside the provider's traditional Wealth 150, where the average annual management charge has fallen to 0.66%.
Hargreaves points out that every single fund manager on the Wealth 150+ list has outperformed the appropriate benchmark over the course of their career.
Hargreaves head of research Mark Dampier (pictured) said: 'Our investment team devotes over 30,000 hours a year to researching fund managers to identify the best in the market. The core investment principles which underpin our research process ensure that only the best funds make it onto the Wealth 150 and Wealth 150+.'
The firm's head of financial planning Danny Cox added: 'We have slashed the cost of investing by a quarter. On a typical portfolio (£30,000) an investor will be nearly £1,000 better off after 10 years.
'We have used this regulatory change to put the squeeze on fund manager pricing and lead competition in the market. We were one of the pioneers of discount broking back in the 1990s and Hargreaves Lansdown clients continue to benefit from our willingness to fight for the best possible deals from fund groups on their behalf.'
The list intensifies the fund price war, which has seen the likes of Skandia, Bestinvest and Barclays come out with their discounted pricing structures in recent weeks.
Meanwhile Fidelity has launched a 'price promise' in which it will refund the difference if customers can buy the same fund from a competitor at a cheaper price.
The 27 funds on 150+ and the annual charges on the Hargreaves platform are:
Artemis Income: 0.66%
Artemis Strategic Assets: 0.66%
GLG Japan CoreAlpha: 0.65%
M&G Recovery: 0.65%
Old Mutual UK Alpha: 0.65%
Threadneedle European Select: 0.65%
Newton Asian Income: 0.62%
Newton Global Higher Income: 0.62%
Newton Real Return: 0.62%
Newton Emerging Income: 0.55%
Schroder Tokyo: 0.5%
Rathbone Income: 0.49%
CF Lindsell Train UK Equity: 0.45%
Lindsell Train Global Equity: 0.45%
Artemis Strategic Bond: 0.41%