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FSA consults on single pricing for unit trusts

The Financial Services Authority is proposing single pricing for unit trusts in a consultation paper published today.


Under the proposals, single pricing would be introduced over a two year transition period starting early next year on a voluntary basis. It would be based on the mid-market price system currently used for the pricing of oeics.


Single pricing would then become compulsory at the start of 2001.


Currently unit trusts are sold on a dual pricing system where the buy price may be higher than the sell price.


The FSA says that it will notify investors and provide information about the proposed changes at least three months in advance.

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