Skandia introduces adviser charging structure
Skandia has started taking applications for adviser charging through its platform.
Skandia Investment Solutions will enable advisers to sign up customers to adviser charging which allows monetary or percentage charges via initial, regular, switch and adhoc fees.
The charging structure comes under Skandia’s current capped limits of 4.5% initial, 3% switching and 1.5% for ongoing.
Advisers can sign clients up to the new structure now and they will be moved to adviser charging on December 31. (article continues below)
Nick Dixon, marketing director at Skandia, says: “The move to adviser charging must align four key principles and advisers should check whether their current arrangements with other platforms will be adequate post-RDR.”
Have you looked at investment trusts more since RDR?