Barclays Stockbrokers has introduced a flat administration fee of 0.35%, with no further charge on fund holdings over £500,000.
Barclays Stockbrokers has become the latest major platform to reveal its retail distribution review (RDR) pricing structure this month, following Hargreaves Lansdown and Fidelity.
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Barclays said it will start to ‘pro-actively’ convert bundled share classes to clean from March this year.
The company has also decided to waive fees to buy and sell funds, and making changes to its wrapper charges.
Commenting on the move, Barclays Stockbrokers director Alastair Thaw, said, "We actively keep an eye on the market to remain competitive but we don’t think the battleground in this space will all be about pricing in future.
"Price sensitivity isn’t the only thing that drives clients to choose asset classes," Thaw added.
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By GlobalDataFidelity’s pricing starts at 0.35% too with no extra charges beyond £1 million, and Hargreaves starts at 0.45% with no extra charges beyond £2 million.
