Switching brokers

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RobStaffs
RobStaffs Posts: 308 Forumite
First Anniversary Combo Breaker First Post
in Savings & investments
H and L are keen for me to move my Stocks and Shares Isas from Axa fund managers.This will save me 0.25% on my existing management fee.Axa charge 1.5%.Is this worth doing?

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  • jimjames
    jimjames Posts: 17,621 Forumite
    Photogenic Name Dropper First Anniversary First Post
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    Yes it normally is.

    Most fund managers charge the full initial charge which you can get reduced to 0% at most fund supermarkets along with rebates of annual charges.
    Remember the saying: if it looks too good to be true it almost certainly is.
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