Parmenion changes DFM and platform charges

The annual DFM charge for active solutions will drop from 0.30% to 0.24%, while a new annual DFM charge on passive solutions of 0.12% will be introduced. The firm has also decided to add a quarterly self-invested personal pension (SIPP) charge of £18, not including VAT.  The new dealing charge on purchases in fund switches and rebalances across all Parmenion Investment Management solutions will be 0.45%, halving from the previous 0.90%. There will be a minimum monthly custody charge of £5 per client.This charge is only suitable for clients over 18 with investments under £20.000, the firm...