Jupiter Income Inclusive - convert to Jupiter Income Class Z?

explorerm

I've held Jupiter Income Inclusive Fund within an ISA at Hargreaves Lansdowne for probably 15years +.

Until recently I hadn't realised that the Jupiter Income fund net ongoing charge is 0.94%, however Jupiter Income Class Z is 0.60%.

Should I switch all my Jupiter Income to Jupiter Income Class Z, as it has a lower ongoing charge? Any reason not to do so? Any benefits to leaving it as it is ? 
Thank you for any replies. 

george4064

I believe HL have an option whereby clients can instruct HL to convert their fund units to the most appropriate share class (in this case it seems Z class is cheapest).

Converting is the preferred option compared to selling and buying, as it will mean you won’t be out of the market and be invested throughout.

jamesd

There's a potential benefit. Commission received by HL must be refunded to you and for old units can be used to cover part of their platform fee. For newly purchased units this doesn't apply, it must be used for new investment. However, it's unlikely that the rebate brings the net charge down to the same level as the inclusive one and in this case the new one is 0.60% and the old 0.94% so a conversion is a good idea.

Inclusive used to mean no direct platform charge because HL were getting the commission, but no more.

Mr Lansdown has no e on the end of his name but it's a common mistake to add one.