Skandia has unveiled details of its unbundled pricing model which is set for launch in the second half of next year.
Hot on the heels of Cofunds' announcement it is rolling out a new pricing structure, Skandia has detailed plans of its unbundled model which will facilitate adviser charging.
But unlike Cofunds, which has requested fund managers issue a "completely clean" share class of 75bps, Skandia thinks rebates should remain and be passed back to customers. The platform is currently holding talks with fund managers about how this could play out.
"We believe the rebate mechanism is in the best interests of customers because it enables us to negotiate fund management costs on their behalf and we intend to pass rebates in full back to the customer," it said.
Skandia added its soon-to-launch model will give advisers flexible fee options to facilitate the payment of customer agreed charges in the form of either percentages or monetary amounts.
The platform will operate both a bundled and unbundled pricing structure in the run up to RDR but from 2013 the unbundled charging model will be available for new business whilst the bundled will only apply to "in-force" business.
Customers will easily be able to transfer between the two structures, said Skandia.
In terms of charges, it said they will be "broadly similar" to its current "competitive" proposition.
Meanwhile FundsNetwork - which will launch an unbundled model in Q1 2012 - said it will set out a roadmap of its future pricing policy over the next few weeks.
Fidelity head of commercial Ed Dymott said the model has been finalised and the platform is now getting feedback from advisers before publicising details.
"Nothing Cofunds or Skandia has done over the last couple of weeks will change our model," he said.
Commenting on Cofunds' request for a 75bp share class, Dymott voiced fears over "enforcing" new pricing models over a short time period.
"We believe fund managers will want to launch new share classes over a period of time," he said. "We see challenges with all fund mangers launching one share class over the next six months. We believe a new pricing structure will emerge but it will take 18 months to happen."
He also warned short term price changes could drive up costs for consumers.
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From 1 March