Investments & Platforms

joonee

I use a discount broker for managing ISAs and I had to transfer my holdings to a platform. I've been receiving a share of the renewal commission which has made this arrangement worthwhile despite the fact that I no longer receive the Fund Manager info.
If I understand the changes correctly there will be no renewal commission from 2016.
I have reasoned that I might as well hold my ISA directly with the Fund Manager and avoid the charges made by the broker and platform.
Is there a flaw in my logic?:beer:

ColdIron

Fund managers often charge more than fund supermarkets

dunstonh

If I understand the changes correctly there will be no renewal commission from 2016.

They have until April 2016 to convert to explicit charging. Many have already moved existing business to the explicit charging. Others are allowing people when to choose to move over but will do it by April 2016 at the latest.

I have reasoned that I might as well hold my ISA directly with the Fund Manager and avoid the charges made by the broker and platform.

More expensive that way as the fund house can still include their own retail charge. Plus, you wont get superclean pricing (if that is applicable)