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…
Read the full article here
