DNB to double price on index funds

DNB plans to introduce a new pricing model. As a result, the price of DNB's index funds will go up from 0.20 to 0.40 percent.

CEO of DNB Wealth Management, Håkon Hansen. | Photo: PR / DNB

"We're doing this to make it simpler for the customer to understand what they are paying for, to maintain our competitiveness in the market and to adjust to the MiFID II-regulation," CEO of DNB Wealth Management, Håkon Hansen, tells Finansavisen.

Hansen says that DNB has decided to introduce a new pricing model for its funds, with which it moves away from kickbacks and instead introduces a platform fee. According to the CEO, this is supposed to make it easier for the customers to get an overview of and assess the price of the different funds, which will be a requirement in the new MiFID regulation.

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