Ascentric platform cuts fees in pricing overhaul

Ascentric has introduced an inclusive platform charge as it moves to give advisers more charging options for their clients.

The platform has brought in a flat 0.3% charge on assets up to £1m, and 0.1% for assets above £1m. The cost applies to all fund trades, including trades of exchange-traded instruments (ETIs) within model portfolios. However, the new inclusive charge excludes individual ETI trades outside of model portfolios, and wrapper charges. Dealing charges on funds and ETIs will also be reduced from £12.50 to £9.50, admin charges on the Ascentric Pension Account will be reduced from £150 to £100, while the charge on APA Drawdown will be levied annually rather than for each withdrawal.  Jon ...