Fidelity promises same pricing arrangements for all fund partners
Share
Fidelity head of UK fund partners Ed Dymott says the FundsNetwork platform will have the same commercial arrangements for each of its fund partners regardless of size.
Speaking at a Fidelity breakfast briefing in London today, Dymott says in order to create a level playing field the platform will have the same pricing arrangements with each fund partner.
He said: “One thing that is key to us is making sure that fund partners continue to get shared value from platforms. In the last 12 months fund partner relationships has been a hot topic across the industry. But to ensure that there is shared value between our partners we have continued to ensure that all our fund partners have the same commercial relationships no matter who they are, how big they are or how small they are.
“We have also introduced more marketing support to ensure a level playing field at no extra cost.”
Cofunds has recently agreed new pricing terms with its larger fund groups, including Threadneedle, Schroders and Investec.
In January, Money Marketing revealed that eight of the big 30 fund groups are yet to sign up to Cofunds’ new pricing arrangements despite the platform aiming for all companies to agree new terms by January.
Conway said the 60 smaller fund groups will also move to the new terms by January.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
