Low cost Stocks & Shares (Investment) ISAs: The Best Currently Available List!

koru

Special_Saver2 wrote: »

I will be curious to see how the Candid Money calculations work out when they update their page (at the moment, the last update of that page is from 14th March 2012, which is before iii's recent changes).

Justin has updated his calculations a few days ago. ATS and Interactive Investor come out virtually level best for the larger portfolio. This would tally with my own experience, which would suggest that ATS gives the biggest rebates for several fund houses and Interactive Investor gets the biggest rebates for several others. On average, they probably come out pretty similar. But it will depend on the particular funds in a portfolio and in some cases you could be getting a significantly bigger rebate with one than the other. For some people, it could be worth having an account with both companies, so that you can maximise the rebates on all your fund investments, even though this would mean paying two admin fees.

koru

Special_Saver2 wrote: »

I have carried out the June update for this thread.

Can I suggest that in the Cavendish description you make clear that although Cavendish keeps 0.05% commission, Funds Network keeps 0.2%. Only the trail commission is rebated.

Also, the current wording regarding ATS says that they keep some of the trail commission. This might be my fault, although I am not sure whether this wording is recent or not. ATS claims to rebate all commission, and in some cases the amounts are such that it is clear they are rebating trail commission and platform commission. In other cases, the rebate seems lower than you would expect, but I think this is more likely to be explained by them receiving lower commission than you would expect. For a while, I thought that they were not rebating all commission, but now I think they probably are.

Special_Saver2

Thanks for the posts above. I have updated posts 2 and 4 with Alliance Trust's new charges that come into effect on 1st August and changed the wording as suggested above by koru. I have left the Cavendish description alone because I think the current wording is easier to understand for people who are not familiar with platform fees and I think the 0.2% FundsNetwork charge that koru is quoting is just an example in the case of Invesco Perpetual High Income and could be different for other funds. Thanks to koru for pointing out that the Candid Money guide and calculations have been updated - it is interesting reading.

Hoodless Brennan have relaunched their online dealing service so I have added their details to post 3 but they have the same charges as Trader's Own (including charging a dividend processing fee) and charge £2 more per trade than Trader's Own.

SS2

to-me-to-you

HI all wondering if you cold help me, I havean account with HL which i use my s+s ISA. i have vanguard, lindsell and shares in barclays in it. I also have an account with svs where i have shares in BOR, is it worth me changing these around to save on costs, i have tried to work it out but just confuses me.

any help would be appreciated.

Special_Saver2

to-me-to-you wrote: »

HI all wondering if you cold help me, I havean account with HL which i use my s+s ISA. i have vanguard, lindsell and shares in barclays in it. I also have an account with svs where i have shares in BOR, is it worth me changing these around to save on costs, i have tried to work it out but just confuses me.

any help would be appreciated.

I think it would be best if you started a new thread for your enquiry and included more details (such as the names of the funds and the amounts of money involved) so that people can help you.

SS2

koru

Special_Saver2 wrote: »

I have left the Cavendish description alone because I think the current wording is easier to understand for people who are not familiar with platform fees and I think the 0.2% FundsNetwork charge that koru is quoting is just an example in the case of Invesco Perpetual High Income and could be different for other funds.

Cavendish say that the 0.2% FundsNetwork charge is "typical":
http://www.cavendishonline.co.uk/investments/our-service/

0.25% platform commission is pretty standard on most funds. FN are basically splitting the 0.25% platform commission, giving Cav 0.05% and keeping the other 0.2%.

Special_Saver2

Okay, fair enough, I have changed the wording to...

Fees: No charge to the client; Cavendish Online keep 0.05% of the platform charge (which is separate from the trail commission and not normally payable to financial advisers); Fidelity typically retain platform charge fees of 0.25% so in this case they are keeping 0.20% and giving 0.05% to Cavendish

...which is hopefully still understandable.

Special_Saver2

Hi Everybody,

I have completed the September update for this thread.

- Commfreefunds have slightly decreased their trail commission from 0.2% to 0.19% but have also removed the £5 per month fee cap
- InvestSmart will rebate 85% of the trail commission if you do not want any advice, and 50% of the trail commission if you want an annual review.

I cannot find anything else that has changed.

I will do another update in December.

SS2

snowcat53

Special_Saver2 wrote: »

BestInvest Select Service

Fees: They keep most or all of the trail commission. If you hold funds that do not pay a commission or shares then you will be charged £50 + VAT per year. No charges for switching funds.
Discount / Rebate: Part of the trail commission rebated if you and your family hold a total of £50,000 or more in your accounts with BestInvest (including SIPP and investment accounts without a tax-free wrapper)

Hi - many thanks for this very useful compilation and thread.

I think the above underlined bits re Bestinvest may need an update. I have their latest charge pdf with me (Feb 2012) and they rebate some of the commission to all users who hold funds that pay them one.
The Select Service offers a loyalty bonus scheme on funds, the Select Bonus. If you invest in funds that pay Bestinvest an annual commission or equivalent, we may pay you a portion of this as a quarterly loyalty bonus. This is a cash payment and will be credited to your account. The level of annual commission or equivalent that we receive and the level of the Select Bonus varies by fund. You can find details of the Select Bonus for a particular fund on our Fund Factsheet.
The Select Bonus will be due for all of the eligible funds that you have held since opening your account or since the last bonus valuation date. The Select Bonus will be paid into your Select account at the end of the second month after the period for which the Select Bonus is due. The bonus valuation dates are the last day of the months of February, May, August and November.
Also
You are eligible for a discounted online dealing fee as soon as you have £50,000 or more invested in shares, funds or cash across your ISA, SIPP and Investment Accounts

This is £7.50 cf 12.50.

Special_Saver2

Hi snowcat53,

Thanks a lot, you are quite right, this has changed. I have updated the entry on BestInvest Select.

SS2