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

Rollinghome

Special_Saver2 wrote: »

[FONT=Times New<br /> Roman]From 31st December 2011, they will charge a "platform fee" of £1 or £2 per month (i.e. £12 or £24 per year) on some low cost tracker funds. Where this is the case, it is indicated in a footnote on the individual fund factsheet on the Hargreaves Lansdown website. [/FONT]

To be accurate, their new platform fee doesn't just apply to tracker funds. It also applies to a range of managed funds. It's difficult to determine which without checking each fund as HL have never published a full list.

Examples I've noticed that incur HL's additional fee without being trackers include Lindsell Train UK Equity and various bond/fixed interest funds such as Legal & General Fixed Interest and M&G Gilt & Fixed Interest.

Broadly speaking it seems to apply to any fund with an AMC of less than 1%.

Ark_Welder

Rollinghome wrote: »

It also applies to a range of managed funds.

...and also to money market funds, which were useful places to park cash for a while when it couldn't be withdrawn without losing benefits - such as an ISA.

Special_Saver2

Okay, I have amended my entry on Hargreaves Lansdown.

I have also added details on their temporary share dealing for £1 offer for new account holders to the entry.

SS2

psychic_teabag

I notice Cavendish have extended their Christmas fee-waiving Fidelity special order to 8th Feb now.

stuzhunter

I invest directly with L&G in 3 index trackers. Is there any benefit of transfering to the Cofunds with Cavendish?

psychic_teabag

It looks like there is some trail commission rebate available from LG trackers via Cavendish (which I guess is why HL only charge £1 for them per month, rather than £2). But LG trackers are not the cheapest available - you could instead choose lower-cost trackers such as HSBC which won't then have a rebate.

psychic_teabag

psychic_teabag wrote: »

I notice Cavendish have extended their Christmas fee-waiving Fidelity special order to 8th Feb now.

And now they seem to have removed the deadline entirely.

psychic_teabag

Looks like Cavendish are changing their model a bit. Losing the one-off £25 fee, in exchange for an ongoing 0.05% from the trail commission. (I didn't see how the one-time-ever fee could be sustainable.) They are providing their own fund supermarket, though still using Fidelity platform underneath, but without the 0.25% switching fee.

jem16

psychic_teabag wrote: »

Losing the one-off £25 fee, in exchange for an ongoing 0.05% from the trail commission.

This seems an odd decision considering the ongoing Platform Review(date still to be announced) and the banning of trail commission under RDR for new business(from 2013).

Reaper

Not entirely happy that Cavendish sent me an advert as a PM to promote this. Did everybody get one?

EDIT: I have now reported them as in sending it they broke at least 2 site rules. While I have nothing against Cavendish (and indeed my wife uses them on my advice) I can do without the spam. Best to nip it in the bud.