abrdn reduces platform fees and simplifies charging structure

Investment Week

The changes include: 5bps+ reduction at all tiers up to £1m; 15bps reduction between £500,000 and £750,000; simplified platform charging with one less tier; and removed product administration charge on wrap self-invested personal pension. The wrap platform charges which came into effect from 1 May 2024 are:   Old charge New charge £0 – £250,000  0.35% 0.30% £250,000 – £500,000  0.25% 0.20% £500,000 – £750,000 0.10% £750,000 – £1m   0.15% £1m+  0.10% abrdn has scheduled applying the pricing c…

The full article is available here. This article was published at Investment Week.