Quilter / Openwork
Illustrative reference data — not personal financial advice. Verify rates and fees on the provider’s own pages before acting.
Quilter / Openwork IFA platform. 1.40% headline is platform + advice; underlying fund cost adds 0.30–1.00% depending on the recommended portfolio — true all-in typically 1.7–2.4%. Quilter is the platform; Openwork is the adviser network — same group, technically separate entities. Bundled adviser remuneration similar to SJP / True Potential pattern.
Products tracked
- SIPP1.40% / year
- Stocks & Shares ISA1.40% / year
- 1.40% is platform + advice only — fund OCF adds 0.30–1.00% on top
- Bundled adviser/platform model — fee components less itemised than DIY
FSCSFinancial Services Compensation SchemeUK government-backed protection if a firm fails. Cash deposits at an authorised bank or building society are covered up to £120,000 per person, per banking group (raised from £85,000 on 1 December 2025). Investments at an authorised platform are covered up to £85,000 — a separate scheme. NS&I sits outside FSCS with 100% HM Treasury backing. protection
Not FSCS-protected — check the provider's own pages for current coverage details.
FSCS deposit cover is per banking licence (not per brand). Lloyds Banking Group includes Lloyds, Halifax, Bank of Scotland, and Birmingham Midshires — all share one £120,000 cap. Investment platforms run on a separate FSCS scheme capped at £85,000. NS&I sits outside FSCS with 100% HM Treasury backing. Spreading large balances across separate licences preserves coverage.
Quilter platform tiered: 0.35% first £50k, 0.25% £50–250k, 0.20% £250–750k, 0.15% >£750k. Adviser charge typically adds 0.5–1.0%; typical advised total cost 1.3–1.5% incl. ~0.6% fund.
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Reference data only — not personal financial advice or a recommendation. Rates and fees move; verify on the provider’s own pages before opening or transferring an account. Provider trademarks belong to their respective owners; Quilter / Openwork appears here under nominative fair-use as identification of a UK financial product.