Abrdn reduces platform fees and simplifies charging structure

Comes after its platform overhaul last year to better serve advisers

Isabel Baxter
clock • 1 min read

Abrdn has today (20 May) announced it is reducing its platform fees and has simplified its charging structure.

The changes include: 5bps+ reduction at all tiers up to £1m; 15bps reduction between £500,000 and £750,000; simplified platform charging with one less tier; and removed product administration charge on wrap self-invested personal pension. The wrap platform charges which came into effect from 1 May 2024 are:   Old charge New charge £0 - £250,000  0.35% 0.30% £250,000 - £500,000  0.25% 0.20% £500,000 - £750,000 0.10% £750,000 - £1m   0.15% £1m+  0.10% Abrdn has scheduled applying the pricing c...

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