Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Killik gets Woodford for 75bps, as Standard Life secures 65bps deal

Killik gets Woodford for 75bps, as Standard Life secures 65bps deal

Killik will offer Neil Woodford’s new fund on the C share rate, while Standard Life has won access to the cheaper Z shares.

Killik clients will therefore pay 0.75% for the Woodford Equity Income fund, and Standard Life clients 0.65%.

The C shares typically require a minimum investment of £50 million, and Z shares £500 million, but Killik’s head of research Mick Gilligan stated that there would be no minimum threshold via Killik accounts.

Standard Life’s rival platform Cofunds is also offering Woodford’s fund at the 0.75% rate, having missed out on the Z share class because it could not ‘guarantee distribution’.

Hargreaves Lansdown has secured the Z share class, as well as an extra discount involving Woodford Investment Management paying Hargreaves clients an annual loyalty bonus of five basis points to bring the overall annual management charge down to 0.6%.

Gilligan has furthermore backed Woodford’s (pictured) new venture, particularly for the long term.

‘One potential advantage the new fund may have over the previous fund is the scope to cherry-pick new investments and a lack of any legacy issues, although it may be some time before the magnitude of this potential advantage becomes apparent,’ he argued.

‘We expect this manager to continue producing market-beating returns over the medium to long term.’

Leave a comment

Related Fund Managers

Neil Woodford
Neil Woodford
24/73 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 46.52%
Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter