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FE links past performance for RDR share classes

FE has launched a new service allowing advisers to link the past performance of pre-RDR share classes with the records of clean share classes.

Introduced to FE Analytics this week, the performance of a post-RDR share class is now appended by the historical performance of the old retail share class.

Post-RDR share classes do not technically have any past performance extending beyond the start of 2013, when they were first introduced.

The Investment Management Association has issued guidance recommending asset managers display past performance of previous versions of the clean share class. 

However FE managing director Michael Holland says some fund groups have yet to commit.

He says: “We have been asking fund groups for some time and many haven’t decided. It tends not to be at the top of their priority list. We are happy to talk to any fund group that doesn’t want this but in the absence of them being proactive they are going to have to be retroactive.”

Chase de Vere head of communications Patrick Connolly says: “I think the performance for when share classes were bundled has to be included as part of the past performance of clean share classes.

”Otherwise we would be starting from scratch with all funds, many of which have a long and pretty good track record.”



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