Posted Jan 31, 2012
Written By: - Kristina Monllos
T. Rowe Price and MFS Investment Management have launched new trusts and mutual funds, respectively, that have no revenue sharing fee structure ahead of fee disclosure rules from the Department of Labor. Pension funds the managers work with have been demanding more such options since they allow the plans to better account for their costs—the key proposition in DOL’s rules.The moves by the two big retirement service plan providers may be indicative of the beginning of a trend by DC fund service providers—moving away from fee-based fund wrap programs. By offering funds that do not use revenue sharing, these providers are giving clients the option to choose funds with a specific fee, whether it is a certain dollar or basis-point amount. With this option, plan sponsors and participants will be able to see the specific fee that is ....
Start your Money Management Intelligence service today for full access
Subscribe
Not ready to subscribe? Register today for a free trial.
Free Trial
Get beyond the headlines to the details and perspectives that will impact your bottom line.
Need information or assistance with your service? We can help.
Customer Service+1.800.715.9195customerservice@iiintelligence.comSubscription Hotline+1.800.437 9997 or +1.212.224.3570hotline@iiintelligence.comCorporate Access EnquiriesJohn Diaz+1.212.224.3366jdiaz@iiintelligence.com