Skandia has decided to review its recently announced unbundled charging structure following the Revenue & Customs (HMRC) ruling to tax rebates to consumers.
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HMRC has recently ruled that all rebates from asset managers to investors will be subject to income tax from 6 April 2013.
In December the group unveiled a range of different charging structures for users. The changes mean consumers have been receiving fund manager rebates on their investments since January.
Skandia UK managing director Peter Mann said: "We have a number of options open to us and we are now evaluating which will deliver the best outcome to advisers and customers."
"We could move to cleaner share classes, such as 75bps for equity funds, and still rebate from there because a rebate on a lower share class even with tax will still result in a better net position for the client," he added.
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