Platform pricing report: Average costs cut by 18% vs. pre-RDR

The consultancy's research found the typical custody cost for the current average portfolio size of just under £200,000 has fallen 7bps since 2011, from 0.38% to 0.31% - a reduction of 18%. But despite the benefits to investors - who are on average saving £140 a year as a result - cost is seemingly low on advisers list of priorities when choosing a platform, with the consultancy finding ‘no real evidence pointing to a disproportionate amount of assets flowing into cheaper propositions'. In fact, for a time more assets were put on the more expensive platforms, though that has now evene...