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Architas Extends 'Superclean' Share Classes To Standard Life's Wrap Platform

Josh O'Neill Reporter 30 November 2016

Architas Extends 'Superclean' Share Classes To Standard Life's Wrap Platform

The discounted share classes were previously exclusive to AXA's Elevate platform.

Architas, the AXA-owned multi-manager, has launched its "superclean" share classes on Standard Life's wrap platform following the latter firm's acquisition of AXA's Elevate business earlier this month.

Previously, the discounted share classes were only available on the Elevate wrap platform but they have been extended to Standard Life's platform following the transaction.

The superclean share classes reduce annual management charges, as well as the ongoing charges figure, on the Active, Blended and Passive risk-profiled ranges by between five and 20 basis points, Architas said in a statement.

Earlier this month, six fund groups committed to adding more than 150 discounted funds to the range on Elevate. Architas had previously agreed with Standard Life that discounted share classes for Architas's funds would continue to be available on the Elevate platform after the acquisition.

“With Standard Life’s acquisition of the Elevate platform now complete we have been working closely to ensure the minimum level of disruption for our investors and advisors,” said Cedric Bucher, head of Architas UK funds. “This ensures the preferential pricing for Architas funds is consistent for advisors across both Standard Life platforms.”

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