Zurich cuts initial platform charge in fee structure revamp

Carmen Reichman
clock • 1 min read

Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.

The insurer said on Thursday it has removed one of its platform's five tiers and cut the starting charge by 0.1% - from 0.45% to 0.35% per annum. The move comes after the insurer said last week it does not intend to participate in a platform price "race to the bottom" but wants to focus on offering value to its customers instead. The change announced on Thursday will see a price reduction "for every investor regardless of the size of their investment", Zurich said. "A customer with less than £50,000 invested will benefit from a reduction of almost a quarter of their ongoing platfor...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform functionality: Beware change for change's sake

Platform functionality: Beware change for change's sake

'It's all too easy to end up in the realm of bolt-ons and fripperies'

Steve Andrews
clock 26 June 2026 • 4 min read
Vanguard UK Platform Awards – Last day to vote

Vanguard UK Platform Awards – Last day to vote

Last chance to vote across several categories

Clive Waller
clock 26 June 2026 • 1 min read
Most advice firms only 'somewhat satisfied' with platforms' data

Most advice firms only 'somewhat satisfied' with platforms' data

According to NextWealth’s Data Openness Report 2026

Sophia Panayi
clock 18 June 2026 • 2 min read