Quilter cuts platform costs and announces tiered adviser charging

The business is also set to introduce tiered adviser charging after demand from IFAs. Quilter explained the changes would mean a customer with £300,000 on the platform would see a £750 reduction in charges over five years. A customer with assets of £600,000 could see charges drop by £1,500, it said. Current charge: New charge: Total amount invested   Percentage charge Total amount invested   Percentage charge First £25,000 0.50% First £50,000 0.35% £25,000 to £250,000 0.30% £50,000 to £250,000 0.25% £250...