Parmenion has removed its initial fee and initial dealing charges for all new business and top-ups as of 1 November, the platform and integrated discretionary fund manager has said.
The Standard Aberdeen-owned platform, which said it had seen "record-breaking growth" over the last year as it hit £4bn assets under management, used to charge a 0.25% initial fee on new business and top-ups, as well as an initial 0.90% dealing fee on active solutions. The decision to drop these fees was made with "simplicity in mind" for its advisers, Parmenion said. The platform added that the initial charges had been removed across all wrappers and solutions, including self-invested personal pensions and drawdown, to maintain its aim of "making investing easy". Advisers are still able...
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