H-L charging structure

gadgetmind

dunstonh wrote: »

It is inevitable for non-commission paying investments that you will pay more if you use a platform.

For ISAs and pensions, we have no choice but to use a platform.

Hopefully, we'll see some no frills platforms coming along with reasonable charges, but I guess we'll have to wait and see.

planteria

dunstonh wrote: »

So, managed funds will become cheaper and index trackers/direct holdings will become more expensive.

you mean across the market, rather than just HL, i assume dunston....i have managed funds in my SIPP and direct shareholdings and managed funds in my ISA. i hope that direct shareholding won't become more expensive, and it is a competitive marketplace, so i hope i don't need to move away from HL:think:

Glen_Clark

gadgetmind wrote: »

For ISAs and pensions, we have no choice but to use a platform.

Apparently for ETFs we have no choice but to use a platform too, as they cannot be held outside of Crest.

gadgetmind

Thanks, I didn't know that about ETFs.

Glen_Clark

gadgetmind wrote: »

Thanks, I didn't know that about ETFs.

You are not alone - neither did the certificate administrator at Jarvis Investment Management! (X-O)
I tried to withdraw my VWRL ETFs into certificated form
Jarvis (X-O) told me over the telephone they could do it.
I sent an email asking for the ETFs to be transferred out to me in certificated form as they requested.
The fee and ETFs were taken from my account
3 weeks later I enquired what was happening.
I got a reply saying it had gone through and then been reversed because VWRL ETFs have to be held in Crest
So now the ETFs and fee are showing again on my account.

Lokolo

http://www.investmentweek.co.uk/investment-week/news/2297981/hargreaves-lansdown-delays-launch-of-new-pricing-structure

Not sure if this has been mentioned in another thread, but thought to keep this one going.

HL (if they have any customers left), won't be starting their new platform until February with details being announced at the end of November.

planteria

Froggitt wrote: »

And also among the most expensive to move away from once you find out they are among the most expensive.

did you move away from HL, Froggitt? and if so, who to?

Froggitt

Hi Dave - I'm waiting for details of their charging rates for clean funds before I do so. Was going to move all my HL to Cavs, but decided to see what both of them were planning.

planteria

Cavs?
i put this year's ISA allowance into HL and bought Royal Mail, so i am a little bit further 'in bed' with them now:undecided

Froggitt

I put new ISAs into Cavs. Or Cavendish Online for the uninitiated. Its Fidelity platform, with Cavs refunding virtually all the commission they receive to the customer. Didn't want more in HL awaiting a £30 fine per fund for leaving them.