Premier has announced its revised share class structure ahead of RDR, including a ‘B’ share class with a annual management charge of 1 per cent and no trail commission.
The firm says it will also offer a ‘C’ share class with a typical annual management charge of 0.75 per cent and no trail commission. The ‘C’ share class has a minimum initial investment of £250,000.
The new share class will be introduced on November 5, 2012.
Following the implementation of RDR Premier expects new business from advisers will go into the ‘B’ and ‘C’ share classes, which are a clean trail commission. Legacy business can continue in the ‘A’ share class, which includes a typical annual management charge of 1.50 per cent and the ability to pay trail commission.