Elevate portfolio charge increases to fund platform development

Additionally, the number of charging tiers has reduced from seven to four and further ‘superclean' fund deals on Elevate have increased to 440, offering average discounts of more than 0.10%. According to Standard Life, this means advisers can reduce costs for large numbers of both new and existing customers. Recent research by Standard Life found advisers had requested developments to the platform such as ease of use and a competitive price, with 95% of advisers wanting a commitment to platform development. Standard Life head of adviser and wealth manager propositions David Tille...