AFH 'scrapping platform fees' for clients

The consolidator's chief executive Alan Hudson said clients investing with AFH would not be charged platform fees from the end of 2018. Last month AFH told PA it was "inevitable" the firm, which has more than £3bn assets under management and 160 IFAs, would absorb platform costs for clients. "Platforms are too expensive anyway and, as it is mainly advisers who benefit from using them, we do not think it is right our clients pay for them," Hudson said. "We believe investment returns in the future will on average be lower than they have been historically. That means we have to look to r...