Cofunds has removed its £40 annual platform charge following a review of its unbundled pricing structure.
The platform’s monthly investment charges, which range from 0.29 per cent for assets up to £100,000 to 0.15 per cent for assets over £1m, remain unchanged.
Cofunds adds it will reveal a number of other changes to its proposition going forward as a result of the review.
Commercial director Adam Smith says: “This is the first of many developments that will benefit our clients and their end investors.
“Having L&G behind us, we are able to play our part in helping to reduce the cost of investing in a sustainable way.”
L&G completed the acquisition of Cofunds in March.