Pension and wrap provider James Hay Partnership has unveiled its post-Retail Distribution Review (RDR) platform pricing model for its self-invested personal pension (SIPP) Investment Centre.
The firm said its existing flat fees for SIPP administration would remain unchanged. SIPP clients who access its Investment Centre fund platform will be moved to a the pricing model where James Hay Partnership returns 100% of fund manager rebates back to the client's product bank account. It said its effective annual management charges on the funds would reduce. The platform administration costs will instead be deducted from the cash account as a percentage of the assets held in Investment Centre funds: Value of Investment Assets Charge On the first £500,000 0.18% On the...
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