New HL fee structure from 01/03/26

jak22

Even if they do get around to sending out emails a little under 5 weeks isn't a great deal of notice to research a decision about finding another platform and then complete a S&S ISA transfer.

It looks like the dividend reinvestment charge of 2% at Scottish Widows is capped at £5 which for 4 dividends a year would still be cheaper than AJ Bell if they are a £42 cap + 4 off £1.50 for a shares / IT IS A.

jimjames

redux said:

jimjames said:

Eemum said:

I have approx 50k shares in a HL fund & share account, with zero charges. I don’t trade, Im just holding them long term. New charges will cost £150 p.a. Any suggestions for an alternative free or low cost home for my shares? Thanks

Can't beat iWeb now Scottish Widows as that's £0 if you don't trade

Some platforms have a flat charge such as £1.50 a time, whereas iWeb is 2 per cent of the reinvested amount, thus either lower or higher depending on size

With the introduction of the SWSD/iWeb free regular savings option there is no need to pay any fees for reinvesting dividends. Get paid as cash into the ISA and then invest using regular savings

ColdIron

My SIPP and ISA combined (75% ITs and ETFs) are marginally cheaper

But the killer for me is that Fund and Share £150. It's all ITs so prior to this it was essentially free

trevjl

email received
I don't have a SIPP with them, just a SS ISA (£100K) and F&S A/C (£8K )
The email says I will be approx £8pm worse off (based on 31/12/25

With the introduction of the free regular savings option there is no need to pay any fees for reinvesting dividends. Get paid as cash into the ISA and then invest using regular savings
the email does say no fee for dividend reinvestment.

DeepSporran

Can anyone tell me what the  new fees will be for holding gilts in a GIA ? It used to be free. I couldn’t see any reference to gilts in the announcements - maybe I missed this.

masonic

DeepSporran said:

Can anyone tell me what the  new fees will be for holding gilts in a GIA ? It used to be free. I couldn’t see any reference to gilts in the announcements - maybe I missed this.

It will likely be the same as other exchange traded investments.

jak22

Re dividend reinvestment, Scottish Widows mention their free Regular Investment Plan, but maybe someone can confirm whether the funds can come from the cash balance in the ISA as the website mentions it coming from 'your bank or building society account' - any new cash coming in might impact yearly subscription limits.

HL was already free for dividend reinvestment but with a £45 capped management charge on a IT ISA - an OK level overall, but £150 seems far too much if there's no trading, a £1.50 to £5 charge for each actual activity - i.e. a reinvestment - seems fair and reasonable. The email starts off with "We are reducing our account charges" - hopefully people will remember to scroll down to see their monthly change.

We've got two similar threads - maybe a single thread might be more helpful to those now looking at choosing a new platform.

Rollinghome

jak22 said:

Re dividend reinvestment, Scottish Widows mention their free Regular Investment Plan, but maybe someone can confirm whether the funds can come from the cash balance in the ISA as the website mentions it coming from 'your bank or building society account' - any new cash coming in might impact yearly subscription limits.

It can. I've done both, from new money, and from divis sitting in the account.

DRS1

trevjl said:

email received
I don't have a SIPP with them, just a SS ISA (£100K) and F&S A/C (£8K )
The email says I will be approx £8pm worse off (based on 31/12/25

With the introduction of the free regular savings option there is no need to pay any fees for reinvesting dividends. Get paid as cash into the ISA and then invest using regular savings
the email does say no fee for dividend reinvestment.

Thanks for mentioning that bit about the personal impact.  I hadn't scrolled down far enough on the email to see it before.  £11 a month for me.  I web here I come (though I am not sure they will take all my duff investments).

jak22

Rollinghome said:

jak22 said:

Re dividend reinvestment, Scottish Widows mention their free Regular Investment Plan, but maybe someone can confirm whether the funds can come from the cash balance in the ISA as the website mentions it coming from 'your bank or building society account' - any new cash coming in might impact yearly subscription limits.

It can. I've done both, from new money, and from divis sitting in the account.

Cheers, reading it again it's the subscription plan that mentions funds coming in from a bank or building society account, the regular investment plan invests from a chosen SW account