Nucleus lowers platform charge for second time in 18 months

The reduced rates were implemented from 1 December and marks the second time the firm has cut charges in the last 18 months. In July 2022, the platform provider cut its headline annual platform charge from 35 to 33 bps. The group now expects a total £5m to be saved across 2024. Chief financial officer Mike Regan said: "We have been clear that as we build scale this allows us to invest more in our service, product and price. I'm pleased that we are now sharing the benefit of our increased scale by introducing our second annual rate cut for Nucleus Wrap. "It delivers an improved o...