Transact is cutting annual charges on its wrap over the next year from 0.6 per cent to 0.5 per cent.
The new charges will be applied on a phased basis.
With effect from January 1 next year the maximum rate of Transact annual commission charged on investments will go from 0.6 per cent to 0.55 per cent.
The charge will then reduce further on January 1, 2012, going from 0.55 per cent to 0.5 per cent.
The existing rates of discount for larger portfolios will continue to apply to the new lower charges.
Transact managing director Ian Taylor says: “We have always tried to adapt the mix of charges and discounts to maintain a balance between the needs of all our stakeholders – our customers, our shareholders and our employees.
“We are pleased again, as this announcement shows, to be able to share savings from scale and efficiencies with our customers.”