No fund switching charge for Novia wrap

There will also be no limit on the number of switches allowed on the platform, although if they became excessive, charges may be considered on a case by case basis. Initial charges for the wrap, which is due to go live in the autumn, are due to be finalised next month but AMCs are as follows for assets on the platform: Up to £250,000 0.5% £250,000-£500,000 0.4% £500,000-£750,000 0.3% £750,000-£1m 0.2% Over £1m 0.15% Vasilieff believes a transparent, unbundled charging structure is key to the success of the platform. He says: “Transpa...