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Skandia launches adviser charging structure

Skandia has started taking applications for adviser charging through its platform.

Skandia Investment Solutions will enable advisers to sign up customers to adviser charging which allows monetary or percentage charges via initial, regular, switch and adhoc fees.

The charging structure comes under Skandia’s current capped limits of 4.5 per cent initial, 3 per cent switching and 1.5 per cent for ongoing.

Advisers can sign clients up to the new structure now and they will be moved to adviser charging on December 31.

Skandia marketing director Nick Dixon says: “The move to adviser charging must align four key principles and advisers should check whether their current arrangements with other platforms will be adequate post-RDR.”


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