Skandia has begun offering 75 basis points share classes on its platform with rebates of 8bps.
Following the HM Revenue & Customs announcement in March that rebates must be taxed, Skandia confirmed last month it will offer clean share classes with rebates.
The platform said last month it is focusing on adding clean share classes first instead of seeking lower priced funds from fund managers as it is the quicker solution to rebate tax, maintains net fund costs and does not hinder re-registration.
Skandia says it will demand access to any lower-priced share classes as they are launched.
The platform’s bundled structure will remain in place for those who want it.
Skandia says its research suggests 87 per cent of clients hold their investment in a pension or Isa wrapper so are not liable to a tax on rebates.
Skandia UK managing director Peter Mann says: “Adding unbundled share classes with lower AMCs but still paying rebates where possible provides clients and advisers with a swift and positive solution to the new tax liability on rebates.
”By operating both unbundled and bundled share classes we will help keep re-registration simple without creating any unnecessary barriers for advisers and their clients.”