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  • FIRST POST
    • TrustyOven
    • By TrustyOven 12th Oct 17, 1:30 PM
    • 625Posts
    • 651Thanks
    TrustyOven
    Initial charge across different platforms for the same fund
    • #1
    • 12th Oct 17, 1:30 PM
    Initial charge across different platforms for the same fund 12th Oct 17 at 1:30 PM
    ISIN: GB00B5B74684
    Fund: Vanguard FTSE UK Equity Income Index Fund Inc

    Hargreaves-Lansdown says initial charge 0.40% (http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/v/vanguard-ftse-uk-equity-income-index-income)

    Charles Stanley Direct (who I am with) says: initial charge 0% (https://www.charles-stanley-direct.co.uk/ViewFund?Sedol=B5B7468) and also the KIID also states the same (CSD link me to: http://documents.financialexpress.net/Literature/80595137.pdf)


    Is this a normal thing for different platforms to be charging different initial charges?
    I know that some platforms will rebate some charges, but the documentation seems to be coming from the fund house itself - not the platforms.

    Just trying to understand how the industry / funds charges work. Thanks!
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Page 1
    • Lokolo
    • By Lokolo 12th Oct 17, 1:37 PM
    • 19,774 Posts
    • 14,778 Thanks
    Lokolo
    • #2
    • 12th Oct 17, 1:37 PM
    • #2
    • 12th Oct 17, 1:37 PM
    The page mentions that the initial cost will be 0.4% as a stamp duty charge. Although I am not clear on why. These don't apply to OIECs or unit trusts. They would apply to ETFs and Shares, and would be 0.5%, not 0.4%.

    If you have an account with HL, best bet is to ring them up and ask.
    • coyrls
    • By coyrls 12th Oct 17, 3:35 PM
    • 888 Posts
    • 916 Thanks
    coyrls
    • #3
    • 12th Oct 17, 3:35 PM
    • #3
    • 12th Oct 17, 3:35 PM
    I think HL have made a mistake; there is no Entry Charge levied by Vanguard for this fund.
    • ColdIron
    • By ColdIron 12th Oct 17, 4:01 PM
    • 3,459 Posts
    • 4,068 Thanks
    ColdIron
    • #4
    • 12th Oct 17, 4:01 PM
    • #4
    • 12th Oct 17, 4:01 PM
    I frequently see errors in platform summary data, even Trustnet etc are not immune, you should check the provider factsheet as a matter of course, even the KIID will be more reliable
    • username12345678
    • By username12345678 12th Oct 17, 5:25 PM
    • 127 Posts
    • 50 Thanks
    username12345678
    • #5
    • 12th Oct 17, 5:25 PM
    • #5
    • 12th Oct 17, 5:25 PM
    I've been looking at Alliance Trust and on a small number of funds they have an 'ATS Initial Charge' which I can't find an explanation for.

    The only thing I can think of is that those particular funds are still charging an initial fee and the ATS charge refers to that even though there is a separate column for the 'max initial charge'.
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