Skandia ups single investor platform charge

From 14 June, the annual charge on Skandia Investment Solutions will increase from £52 to £68, raising the annual cost by 0.025% of fund value for the typical customer. "At less than 20p, a day our new annual platform charge is modest but it is an essential part of ensuring we are able to deliver a platform service that adds value to both customers and, in turn, their advisers over the long term," says Skandia UK chief executive Peter Mann (pictured). "We know that long term sustainability of the platform is the single biggest concern for advisers when choosing a platform so we are ma...