Skandia sets out unbundled charging structure

The new price structure will launch in December 2012 and will apply to all new business. The tiered charging levels are: First £25,000 0.50% £25,000 to £100,000 0.35% £100,000 to £500,000 0.30% £500,000 to £1m 0.25% £1m+ 0.15 All fund group rebates will be passed in full to the customer in the form of units and there will be a minimum charge £8.33 per month. Meanwhile, Skandia confirmed there will also be an electronic transition process for advisers to move existing clients to the new price structure. Peter Mann (pictured), chief executive of Skandia UK, said: "T...