Openwork cuts platform charge for restricted advisers

From January 2013, the firm plans to reduce charges on the platform by an average of one-quarter, to provide "valuable financial assistance" to advisers moving to fee-charging models. The move comes as Openwork prepares to embark on a network-wide roll-out of its Retail Distibution Review (RDR) transition programme, which offers platform training and personalised support to advisers. Marketing managing director Mark Duckworth said: "Reducing our charge for investment and pension business written through the platform will significantly benefit our advisers as they seek to manage their ...