Skandia platform sets out unbundled charging structure

Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.

The new price structure will launch in December 2012 and will apply to all new business. The tiered charging levels are: First £25,000 - 0.50% £25,000 to £100,000 - 0.35% £100,000 to £500,000 - 0.30% £500,000 to £1m - 0.25% £1m+ - 0.15% There will be a minimum charge £8.33 per month and Skandia said there will also be an electronic transition process for advisers to move existing clients to the new price structure. Peter Mann (pictured), chief executive of Skandia UK, said: "There is a lot of focus on price within the industry but for advisers and customers I think sustaina...