Fairstone changes fees to 80 bps and moves to single charging structure

Consolidator has done this in light of Consumer Duty requirements

Isabel Baxter
clock • 1 min read

Fairstone has moved to a single charging structure with an ongoing advice fee of 80 basis points.

The firm has streamlined its previous three-tier offering into one default ActivePlan service. The consolidator said the 80 basis points fee represents a reduction in price of 20 basis points against its previous top-tier ActivePlan Plus service, and an increase of five basis points when compared to the previous standard ActivePlan service. Clients with less complex financial needs can now also use Fairstone's fully remote advice service Mineral, which offers access to professional advice and personal support via digital channels. Chief executive Lee Hartley said that Fairstone has...

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