F&C is scrapping front-end loads on its UK-marketed open-ended funds but continuing to offer commission to IFAs.
The fund manager's higher income plan and with-prospects fund will offer up to 2 per cent commission on all sales and transfers while the F&C blue will pay 1 per cent commission.
If IFAs forgo their commission F&C will allow up to 102 per cent unit allocation. Full trail commission will continue to be paid.
Head of IFA operations Jamie Farquhar says: “We are giving value to investors whilst not penalising them for seeking advice in the first place, and at the same time we are supporting the IFA industry.””