Nucleus slashes platform prices for larger clients

Nucleus has slashed its platform charge for clients with portfolios between £500,000 and £5m due to its strong financial performance so far this year.

The platform has revised its tiered pricing structure for both existing and new portfolios, with the changes set to come into force on November 1 2013.

Portfolios with between £500,000 and £1m will see their charges fall from 35 basis points (bps) to 25bps, while portfolios with between £1m and £5m will have an annual fee of 15bps, rather than the tiered decline from 35bps to 15bps that existed previously.

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Portfolios with less than £500,000 will face the same 35bps charge as previously and those with more than £5m will retain their 15bps charge.