FundsNetwork unveils new pricing option for HNWs

Launching on 9 August, IFAs advising clients with more than £50,000 on the platform will be given the option to pay a new annual account fee of £45, which will give them the freedom to buy or switch without incurring additional platform charges. For those who opt in, the levy will be introduced for qualifying clients during the second half of 2011. The service is just for online business, however FundsNetwork is also offering the same load-free terms for paper-based ISA transfers, as the service is not yet available online. Fidelity International head of UK retail sales Peter Hicks sa...