New HL fee structure from 01/03/26

Alistair31

if I’m already paying the cap at Fidelity for my sipp, if I open an ISA there will I pay it again or is it one single cap for all accounts?

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81858101#Comment_81858101

If you have a SIPP and ISA with HL, it will be £300 capped vs £90 at Fidelity.

Also if you have >£250K on either platform, the fee for OEICs drops to 0.2% for both, but with Fidelity it covers the first £250K as well, whilst with HL the first £250K remains at 0.35%.

Not often mentioned but it is possible with both to have a mixture of OEICs and exchange traded funds, and end up with a blended fee, It is not all or nothing.

HL has a wider choice of investments, but the info on investments with Fidelity is better ( powered by Morningstar)

Also recently HL have got coy about offering cashbacks, except to invited customers, whereas Fidelity's seem to be still available to all, even previous switchers.

blue_eyes

…and fidelity currently have a cash back offer until start of April, for transferring sipps and isas, which could cover your fees for years

mills112

https://forums.moneysavingexpert.com/discussion/comment/81858218#Comment_81858218

i left fidelity as they didn't have ETFs. Do they offer ETF now?

blue_eyes

https://www.fidelity.co.uk/shares/etfs/

blue_eyes

just down the page a little is the search function

mills112

https://forums.moneysavingexpert.com/discussion/comment/81858249#Comment_81858249

brilliant. sounds like i should transfer my ISA over to them to get the cashback then!

i may also transfer my SIPP over ☺️

GeoffTF

T212 and iWeb are at opposite ends of the spectrum. iWeb should be super safe and is good for people with accounts at many times the FSCS compensation limit (£85K). T212 is more suitable for small accounts.

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81858656#Comment_81858656

Still doing better than InvestEngine, another very low/zero cost platform.

Their accounts for the year to March 31st 2025, showed an income of £750K and a loss of £10 Million. Investors seem to be funding the losses whilst they grow. Typical of a Fintech company.

On the other hand T212 are very profitable. Turnover of £162M and a before tax profit of £53Million. They are involved in all sorts of activities though, taking market positions, stock lending etc.

mills112

https://forums.moneysavingexpert.com/discussion/comment/81858587#Comment_81858587

thanks for the info! although i don't believe that the FSCS compensation limit apply to investments? are they not for savings only? I think the SIPP may have some sort of protection if I remember correctly.