Zurich cuts initial platform charge in fee structure revamp

Carmen Reichman
clock • 1 min read

Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.

The insurer said on Thursday it has removed one of its platform's five tiers and cut the starting charge by 0.1% - from 0.45% to 0.35% per annum. The move comes after the insurer said last week it does not intend to participate in a platform price "race to the bottom" but wants to focus on offering value to its customers instead. The change announced on Thursday will see a price reduction "for every investor regardless of the size of their investment", Zurich said. "A customer with less than £50,000 invested will benefit from a reduction of almost a quarter of their ongoing platfor...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Schroders UK Platform Awards 2024: Full list of winners revealed!

Schroders UK Platform Awards 2024: Full list of winners revealed!

See who took home a trophy at last night’s ceremony in London

Professional Adviser
clock 25 September 2024 • 1 min read
Fidelity and Abrdn among firms joining new investment platform trade body

Fidelity and Abrdn among firms joining new investment platform trade body

Platforms Association launches amid growing regulatory scrutiny

Valeria Martinez
clock 23 September 2024 • 2 min read
Half of advisers say platform cash interest rates help to bag new clients

Half of advisers say platform cash interest rates help to bag new clients

Consumer Duty has led platforms to improve fee communication

Jenna Brown
clock 12 September 2024 • 1 min read