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People power against Hoodless Brennan!
Bazn
Posts: 183 Forumite
hey everyone,
you may have seen this thread about hoodless brennan's new charges...
http://forums.moneysavingexpert.com/showthread.html?t=480721
Now as a long term buy-and-hold investor who only trades a few times a year, i think the proposed "maintenance charge" is VERY unfair.
I have expressed my complaint, but if you agree with me then please email info@hoodlessbrennan.com to complain! maybe if enough people complain, they'l listen or at least allow free transfer to another broker....
you may have seen this thread about hoodless brennan's new charges...
http://forums.moneysavingexpert.com/showthread.html?t=480721
Now as a long term buy-and-hold investor who only trades a few times a year, i think the proposed "maintenance charge" is VERY unfair.
I have expressed my complaint, but if you agree with me then please email info@hoodlessbrennan.com to complain! maybe if enough people complain, they'l listen or at least allow free transfer to another broker....
0
Comments
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I'm doing exactly that! £20 a year for doing absolutely nothing! It's a disgrace!
Strange
PS: Anyone know a way to hold your shares without paying for the privelidge?0 -
It seems quite calculated to me. Get lots of people in initially on low charges. Then introduce a small charge/alter dealing charges. It you lose 15% of people then its no problem as you werent earning much from them but you gain on the other 85% that stay.
You cannot blame them for introducing a maintenance charge as someone has to pay for the equipment and staff and who better than those that use the service.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
PS: Anyone know a way to hold your shares without paying for the privelidge?
Change broker - there are others who do not charge an inactivity fee for standard dealing accounts (though they may charge slightly more per trade instead)
Options include:
1. HSBC InvestDirect
2. Selftrade (who also have a referral scheme)
3. Alliance Trust
Regards
Sunil0
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