Skandia has stepped up the pressure on peers in the platform space after moving to undercut competitors on key funds including Neil Woodford's Invesco Perpetual Income and High Income funds.
Under the terms of its new clean fee pricing structure, it has agreed a deal which will see investors who buy Woodford's Income or High Income funds via Skandia's platform pay just 0.68bps annually for the fund itself. The price is lower than the new clean fee share class deals agreed by a number of other platforms. Prices from competitor Cofunds show the country's largest platform can only offer Woodford's sought-after funds for 75bps annually. Cofunds tells me it has no plans to renegotiate deals with fund managers, particularly in light of the fact the FSA's platform paper is du...
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