BT has made significant fee cuts to its investment platforms under a push to address legacy payments and potentially conflicted remuneration.

It recently announced it would remove grandfathered commissions from insurance policies sold before the Future of Financial Advice reforms.

CEO Brad Cooper says the cuts to BT’s Panorama platform will stop historically differentiated pricing between different financial advice groups. Advisers and clients will have access to the same capped, asset-based administration fees.