Novia cuts platform charges up to 0.2%

'Third era for platforms'

Novia is cutting its adviser platform charges from 1 January 2023, the first pricing change since Novia’s launch in 2008.

Under the new terms, a customer with a £150,000 portfolio who would have paid an annual platform charge of £750 will now pay £450 where the adviser firm holds more than £10m of assets on the Novia platform. NatWest cuts fund fees on D2C range It will be £525 for those firms holding up to £10m of assets under administration. The minimum fee is to be increased from £75 to £100 from 1 January 2023 and will only apply to clients with small portfolios paying less than £8.33 per month. The move comes under the helm of Patrick Mill, who took over as CEO in May 2021. Mill said a revi...